Introduction to the Remuneration Report
Under the terms of Section 7 of the “Ordinance against abusive remuneration in listed companies” (“VegüV”) of 20 November 2013, the Board of Directors of MCH Group Ltd. is required to submit a written remuneration report providing information on remuneration, loans and credit for the Board of Directors and the management (Executive Board).
To provide a clearer overview and make for an easier understanding of the remuneration details, this remuneration report also contains the general principles and the remuneration systems for the Board of Directors and the Executive Board.
Giardina 2017
The remuneration report is published in accordance with the appropriate provisions governing the annual report. The statutory auditor is required to check the remuneration report for compliance with the law and the “VegüV” Ordinance in each case.
The remuneration report does not have to be submitted to the General Meeting for approval. The non-profit-related remuneration of the Board of Directors and Executive Board, as well as the profit-related remuneration of the Executive Board, which the General Meeting has to decide on each year, are included on the agenda accordingly.
Details of the remuneration as per the “VegüV” Ordinance
The details of the remuneration required to be disclosed are set out in Articles 14-16 of the “VegüV” Ordinance (in German).
Schweizerische Eidgenossenschaft / VegüV
Vote on the remuneration by the General Meeting
The provisions governing the approval of the remuneration by the General Meeting as per Article 18 of the “VegüV” Ordinance are set out in Paragraphs 18 and 19 of the statutes of MCH Group Ltd.
MCH Group / Investor Relations
On the basis of the statutes of MCH Group Ltd., the General Meeting of 26 April 2017 approved the non-profit-related remuneration of the Board of Directors and the Executive Board for the 2018 business year and the profit-related remuneration of the Executive Board for the 2016 business year.
At the General Meeting of 04 May 2018, a vote will be held on the non-profit-related remuneration of the Board of Directors and Executive Board for the 2019 business year and also on the profit-related remuneration of the Executive Board for the 2017 business year.
