Introduction to the Remuneration Report
The remuneration report contains all mandatory and relevant information on the compensation, loans and credit provided to the Board of Directors and the Executive Board of MCH Group Ltd. The remuneration report is published in accordance with the “Ordinance against abusive remuneration in listed companies” (“VegüV”) of 20.11.2013. and the “Directive on Information relating to Corporate Governance” issued by the SIX Swiss Exchange.
This remuneration report also contains the general principles and the remuneration systems for the Board of Directors and the Executive Board.
Vote on the remuneration by the Annual General Meeting
The remuneration report does not have to be submitted to the Annual General Meeting for approval. The Annual General Meeting does, however, have to decide on the remuneration to the Board of Directors as well as the fixed and variable remunerations to the Executive Board.
The provisions governing the approval of the remuneration by the Annual General Meeting as per Article 18 of the “VegüV” Ordinance are set out in Paragraphs 18 and 19 of the Articles of Association of MCH Group Ltd.
On the basis of the Articles of Association of MCH Group Ltd., the General Meeting of 24.04.2020 approved the remuneration to the Board of Directors and the fixed remuneration to the Executive Board for the 2021 business year. At the Annual General Meeting 2022, votes are being held on the remuneration to the Board of Directors, as well as on the fixed remuneration to the Executive Board for 2023 and also on the grant amount 2022 and 2023 of long-term variable remuneration to the Executive Board.
The Articles of Association of MCH Group Ltd. may be found on the MCH Group website under “Investors” | “Governance”.
– Link: https://www.mch-group.com/en/investors/governance/
The minutes or agenda items and explanations of the General Meetings are available on the MCH Group website under “Investors” | “General Meeting”.
– Link: https://www.mch-group.com/en/investors/general-meeting/
