At the 2024 Annual General Meeting a maximum total remuneration to the Board of Directors of TCHF 800 was approved for four members of the Board of Directors for the term of office from the Annual General Meeting 2024 to the Annual General Meeting 2025.
The total remuneration paid to the current members of the Board of Directors for the term of office from the Annual General Meeting 2024 to the Annual General Meeting 2025 amounted to TCHF 610. 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 2024 |
||||
|
in CHF 1 000 |
Cash |
Shares 1) |
Other |
Total |
|
Daniel Frutig, Chairman |
240 |
90 |
– |
330 |
|
Norma Corio |
90 |
35 |
– |
125 |
|
Denise Koopmans |
100 |
35 |
– |
135 |
|
Konstantin Ryzhkov 2) |
– |
– |
– |
– |
|
Total |
430 |
160 |
– |
590 |
|
|
|
|
|
|
|
Reconciliation to remuneration for the term of office from AGM 2024 to AGM 2025 |
||||
|
Remuneration for the financial year 2024 |
590 |
|||
|
Less remuneration from January 2024 to AGM 2024 |
–158 |
|||
|
Plus remuneration from January 2025 to AGM 2025 |
178 |
|||
|
Remuneration for the term of office from AGM 2024 to AGM 2025 |
610 |
|||
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 50.96).
2) Konstantin Ryzhkov waived his remuneration for the 2024/2025 term of office.
The total remuneration of the Board of Directors has increased compared to the prior year. Reasons for the increase are increases in the board remuneration as approved by the AGM in 2024.
|
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.