Introduction to the Remuneration Report
The Remuneration Report describes the governance and remuneration system in the Group and informs about the remunerations of the members of the Board of Directors and the Executive Board of MCH Group Ltd. for the business year 2023.
The Remuneration Report is written in accordance with MCH Group's Articles of Association, the Swiss Code of Obligations (Company Law), the standard relating to information on Corporate Governance of the SIX Swiss Exchange, and the principles of the Swiss Code of Best Practice for Corporate Governance by economiesuisse
The Remuneration Report is submitted to the Annual General Meeting for approval in a non-binding advisory vote. The Annual General Meeting has to approve in binding votes the remunerations of the Board of Directors and of the Executive Board. The MCH Group's Articles of Association (§ 18) stipulate that the Annual General Meeting votes on the following remunerations each year:
- the remuneration of the Board of Directors for the financial year beginning after the Annual General Meeting;
- the fixed remuneration and the grant of the long-term variable remuneration of the Executive Board for the financial year beginning after the Annual General Meeting;
- the short-term variable remuneration of the Executive Board for the completed financial year.
The Articles of Association of MCH Group Ltd. contain further provisions on remuneration:
- the role and responsibilities of the Compensation Committee (§ 33 – 35);
- the principles of remuneration of the members of the Board of Directors (§ 24 and 25);
- the principles of remuneration of the members of the Executive Board (§ 39 – 41);
- the additional remuneration amount of members of the Executive Board appointed after the approval of the maximum aggregate remuneration amount by the Annual General Meeting (§ 42).
The Articles of Association of MCH Group Ltd. are available on the MCH Group website under “Investors” | “Governance”.
Link: https://www.mch-group.com/en/investoren/governance/
The minutes or agenda items and explanations of the Annual General Meetings are available on the MCH
Link: https://www.mch-group.com/en/investors/general-meeting/
