At the 2022 Annual General Meeting a maximum total remuneration to the Board of Directors of TCHF 500 was approved for the four members of the Board of Directors for the term of office from the Annual General Meeting 2022 to the Annual General Meeting 2023.
The total remuneration paid to the current members of the Board of Directors for the term of office from the Annual General Meeting 2022 to the Annual General Meeting 2023 amounted to TCHF 295. No remuneration was paid to former members of the Board of the Directors.
No loans, credit facilities or additional fees or remuneration was paid to members of the Board of Directors or parties related to them. The remuneration paid to the members of the Board of Directors was as follows:
|
Remuneration Board of Directors in financial year 2022 |
||||
|
in CHF 1 000 |
Cash |
Shares 1) |
Other 2) |
Total |
|
Daniel Frutig, Chairman |
154 |
43 |
– |
196 |
|
Norma Corio 3) |
– |
– |
– |
– |
|
Andreas Dill 4) |
23 |
– |
1 |
24 |
|
Erich Haefeli 4) |
20 |
– |
– |
20 |
|
Denise Koopmans 5) |
46 |
14 |
– |
60 |
|
Konstantin Ryzhkov 3) |
– |
– |
– |
– |
|
Total |
243 |
57 |
1 |
300 |
|
|
|
|
|
|
|
Reconciliation to remuneration for the period from AGM 2022 to AGM 2023 |
||||
|
Remuneration for the financial year 2022 |
300 |
|||
|
Less remuneration from January 2022 to AGM 2022 |
–91 |
|||
|
Plus remuneration from January 2023 to AGM 2023 |
86 |
|||
|
Remuneration for the period from AGM 2022 to AGM 2023 |
295 |
|||
1) The number of shares granted is determined by dividing the relevant gross compensation amount by the average closing price of the Cicor share of the last 10 trading days immediately prior to the AGM that marks the beginning of the term of office (CHF 49.17).
2) Other remuneration includes the employer's portion of social insurance contributions.
3) Norma Corio and Konstantin Ryzhkov waived their remuneration for the 2021/2022 and 2022/2023 terms of office.
4) Member of the Board of Directors until 12 April 2022.
5) Member of the Board of Directors from 12 April 2022.
The total remuneration of the Board of Directors has decreased compared to the prior year. The main reason for this is that Norma Corio and Konstantin Ryzhkov waived their remuneration for the 2021/2022 and 2022/2023 terms of office.
|
Remuneration Board of Directors in financial year 2021 |
||||
|
in CHF 1 000 |
Cash |
Shares |
Other 1) |
Total |
|
Daniel Frutig, Chairman 2) |
114 |
– |
– |
114 |
|
Norma Corio 3) |
12 |
– |
– |
12 |
|
Robert Demuth 4) |
39 |
– |
10 |
49 |
|
Andreas Dill |
90 |
– |
6 |
96 |
|
Erich Haefeli |
84 |
– |
– |
84 |
|
Rüdiger Merz 5) |
13 |
– |
– |
13 |
|
Konstantin Ryzhkov 3) |
15 |
– |
– |
15 |
|
Total |
367 |
– |
16 |
383 |
|
|
|
|
|
|
|
Reconciliation to remuneration for the period from AGM 2021 to AGM 2022 |
||||
|
Remuneration for the financial year 2021 |
367 |
|||
|
Less remuneration from January 2021 to AGM 2021 |
–102 |
|||
|
Plus remuneration from January 2022 to AGM 2022 |
106 |
|||
|
Remuneration for the period from AGM 2021 to AGM 2022 |
371 |
|||
1) Other remuneration includes the employer's portion of social insurance contributions.
2) Member of the Board of Directors from 15 April 2021.
3) Member of the Board of Directors from 16 July 2021.
4) Member of the Board of Directors until 15 April 2021.
5) Member of the Board of Director until 16 July 2021.