Remuneration 2016

Remuneration to Board of Directors and Executive Management

In 2016, the ten members of the Board of Directors received remuneration (fees and fringe benefits) totalling 1,031,625 francs. The fringe benefits totalling 246,625 francs are shown in the total remuneration. In 2016, the Chairmen of the Board’s fee totalled 225,000 francs. The fringe benefits amounted to 28,025 francs.

The paid members of Executive Management and the CEO received remuneration totalling 5,288,940 francs in 2016. The fringe benefits of 337,168 francs are shown in the total remuneration. The performance-related component effectively payable to members of Executive Management in 2017, which is based on attainment of targets in 2015 and 2016, together with the deferred payments, amounts to 1,347,018 francs.

The base salary of the CEO totalled 610,000 francs. The additional performance-related component amounted to 316,838 francs, of which 104,355 francs were paid from the account for variable remuneration.

Remuneration		2016
CHF		2016

Chairman of the Board of Directors (2)
Fees		225,000
Fringe beneﬁts
Expenses and representation allowances		22,500
First-class GA travelcard		5,525
Total remuneration		253,025

Other members of the Board of Directors (8)
Fees		560,000
Fringe beneﬁts
Expenses and representation allowances		72,200
Additional fringe beneﬁts		146,400
Total remuneration		778,600

Entire Board of Directors (10)
Fees		785,000
Fringe beneﬁts		246,625
Total remuneration		1,031,625

CEO
Fixed base salary		610,000
Performance-related component (payable 2016)
Variable salary component		212,483
Outpayment from account for variable remuneration ¹		104,355
Fringe beneﬁts
Expenses and representation allowances		30,000
Additional fringe beneﬁts ²		17,340
Additional payments ³		–
Total remuneration		974,178

Other members of Executive Management (9)⁴
Fixed base salary		2,677,916
Performance-related component (payable 2016)
Variable salary component		893,405
Outpayment from account for variable remuneration ¹		453,613
Fringe beneﬁts
Expenses and representation allowances		140,800
Additional fringe beneﬁts ²		149,028
Additional payments ³		–
Total remuneration		4,314,762

All members of Executive Management (10)⁵
Fixed base salary and performance-related component		4,951,772
Fringe beneﬁts		337,168
Total remuneration		5,288,940

1 For the 2016 financial year, the CEO and six of the other Executive Management members receive an outpayment from their account for variable remuneration.
2 Additional fringe beneﬁts include: ﬁrst-class GA travelcard, company car, mobile phone, tablet computer and premiums for risk insurance policies.
3 No agreements exist regarding possible severance payments.
4 Seven active members and two members who stepped down in 2016.
5 Including the members who stepped down in 2016. Due to these personnel changes, the total remuneration cannot be directly compared with the previous year.