Remuneration of the Executive Board 2023
The remuneration of the Executive Board for the business year 2023 consists of fixed remuneration as well as short-term and long-term variable remuneration.
The remuneration of the Executive Board in the business year 2023 amounts to a total of CHF 1,658,694. This amount comprises the fixed base salary and the short-term variable remuneration (short-term incentive (STI)) for the business year 2023 as well as the grant amount for the long-term variable remuneration (long-term incentive (LTI)) for the business year 2023 (with vesting period 2023–2025) and the corresponding employer contributions to the social insurance and pension fund.
Total remuneration to former members of the Executive Board who left the Executive Board during the business year 2022 and whose employment contract was terminated during the business year 2023: CHF 616,531 (fixed remuneration CHF 511,086 and social insurance contribution CHF 105,445).
Explanations on Remuneration 2023
The fixed remuneration of the Executive Board members remained unchanged compared to the previous year.
The short-term variable remuneration (short-term incentive (STI)) was introduced in this form in the business year 2023. The STI targets are focused on the operating cash flow (OCF) and EBITDA targets.
The long-term variable remuneration (long-term incentive (LTI)) must be reported in the year of grant. Payouts after the end of the vesting period and according to target achievement do not have to be disclosed; the grant amounts can be found in the remuneration report in the grant year. The LTI grant amount for the business year 2023 (with vesting period 2023–2025) remained unchanged compared to the previous period. The LTI targets are focused on the operating income and EBITDA targets.
The short-term and long-term variable remuneration amounted to 47 % of the Executive Board's total remuneration (excluding social security contributions).
No sign-on bonuses nor severance payments were paid to members of the Executive Board. As in the previous year, no loans or credit were granted to the Executive Board in the reporting year. There are no such loans or credit outstanding as of 31.12.2023. As in the previous year, no suretyships (sureties, guarantees) were awarded to members of the Executive Board in the reporting year. There are no such suretyships outstanding as of 31.12.2023.
No loans or credits were granted to parties related to members of the Executive Board or to former members of the Executive Board at non-market conditions. No such loans or credits have been granted or are outstanding as at the end of the business year 2023.
More information on the remuneration model of the Executive Board are provided in the section “Remuneration Systems”.
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Resolutions and Motions Annual General Meeting
Fixed remuneration
The Annual General Meeting on 23.05.2022 approved the total amount of the fixed remuneration of the Executive Board of a maximum of CHF 3,400,000 (gross, including social insurance contributions) for the financial year 2023. The fixed remuneration for the business year 2023 is within the maximum aggregate amount approved by the Annual General Meeting.
The Annual General Meeting on 21.05.2024 will be asked to approve the maximum aggregate amount of CHF 1,300,000 (gross, including social insurance contributions) as fixed remuneration of the Executive Board for the business year 2025.
Short-term variable remuneration (STI)
The Annual General Meeting on 21.05.2024 will be asked to approve the amount of CHF 365,009 (gross, excluding social insurance contribution) as short-term variable remuneration for the Executive Board for the business year 2023.
Long-term variable remuneration (LTI)
The Annual General Meeting on 23.05.2022 approved the grant amount of CHF 1,100,000 (gross, including social insurance contributions) of the long-term variable remuneration to the Executive Board for the business year 2023 (vesting period 2023–2025). The LTI grant amount in the business year 2023 is within the grant amount approved by the Annual General Meeting.
The Annual General Meeting on 21.05.2024 will be asked to approve the maximum aggregate amount of CHF 400,000 (gross, including social insurance contributions) as grant value of the long-term variable remuneration of the Executive Board for the business year 2025.
Remuneration of the Executive Board 2022
The complete Remuneration Report 2022 of MCH Group Ltd. is available on the MCH Group website under “Investors” | “Reports”.
Link: https://www.mch-group.com/en/investors/reports/
