At the 2023 Annual General Meeting a maximum total remuneration to the Board of Directors of TCHF 600 was approved for five members of the Board of Directors for the term of office from the Annual General Meeting 2023 to the Annual General Meeting 2024.
The total remuneration paid to the current members of the Board of Directors for the term of office from the Annual General Meeting 2023 to the Annual General Meeting 2024 amounted to TCHF 466. No remuneration was paid to former members of the Board of Directors.
No loans, credit facilities or additional fees or remuneration were 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 2023 |
||||
|
in CHF 1 000 |
Cash |
Shares 1) |
Other |
Total |
|
Daniel Frutig, Chairman |
165 |
64 |
- |
229 |
|
Norma Corio |
43 |
16 |
- |
58 |
|
Denise Koopmans |
72 |
21 |
- |
93 |
|
Konstantin Ryzhkov 2) |
- |
- |
- |
- |
|
Total |
279 |
101 |
- |
381 |
|
|
|
|
|
|
|
Reconciliation to remuneration for the term of office from AGM 2023 to AGM 2024 |
||||
|
Remuneration for the financial year 2023 |
381 |
|||
|
Less remuneration from January 2023 to AGM 2023 |
–92 |
|||
|
Plus remuneration from January 2024 to AGM 2024 |
178 |
|||
|
Remuneration for the term of office from AGM 2023 to AGM 2024 |
466 |
|||
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 44.62).
2) Konstantin Ryzhkov waived his remuneration for the 2023/2024 term of office.
The total remuneration of the Board of Directors has increased compared to the prior year. Reasons for the increase are that Norma Corio waived the remuneration for the 2022/2023 term of office and a general adjustment in the remuneration.
|
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 term of office 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 term of office 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.