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Annual Report 2023
Annual Report 2023
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8. Board and Executive compensation

As of the balance sheet date, there are loans between the company as a borrower and the Board of Directors in the amount of CHF 3.5 million (2022: CHF 2.5 million). In addition, there are other short-term liabilities against the Board of Directors in the amount of CHF 0.12 million. The compensation and the number of shares held by the Board of Directors are composed as follows:

in thousand CHF   Fix
in cash		   Mandate
   Committee
   Total
   Ownership
of shares
For the year 2023
Katharina Lehmann 1   34   –   –   34   104 021
Markus Brütsch   67   –   –   67   228 220
Jürgen Blaser   30   –   –   30   3 500
Robert Hunink   39   3   3 3   45   32 500
Werner Fleischmann   30   –   3 3   33   1 753 941
Bernhard Pauli 2   19   –   3 3   22   –
Olivier Kobel 2   21   32   3 3   57   –
Total   240   35   12   288   2 122 182
                     
in thousand CHF   Fix
in cash		   Mandate
   Committee
   Total
   Ownership
of shares
For the year 2022
Katharina Lehmann   90   –   –   90   104 021
Markus Brütsch   30   –   –   30   228 220
Jürgen Blaser   30   –   –   30   3 500
Robert Hunink   30   10   –   40   32 500
Werner Fleischmann   19   –   –   19   1 708 883
Total   199   10   –   209   2 077 124
1 This Board member resigned in May 2023.
2 These Board members were elected in May 2023.
3 For further information on the committees, please refer to the chapter on Corporate Governance, under the heading Committes.

As of the balance sheet date, there are no loans between the company and the Group Management. However, there are other short-term liabilities to Group Management in the amount of CHF 0.05 million. The compensation and the number of shares held by the Group Management are composed as follows:

in thousand CHF   Salary
Fix in cash
   Variable
in cash
1 		  Employer
social
contributions 2 		  Total
   Ownership
of shares
For the year 2023
Markus Brütsch, CEO / CFO (until 30.06.23)   188   100   45   333   228 220
Fabian Leu, Markus Pfannkuch, co-CEO's (since 01.07.23)   198   –   25   223   6 600
Group Management Total   1 015   190   176   1 381   242 320
                     
in thousand CHF   Salary
Fix in cash
   Variable
in cash
1 		  Employer
social
contributions 2 		  Total
   Ownership
of shares
For the year 2022
Markus Brütsch, CEO / CFO   375   150   91   616   228 220
Group Management Total   1 025   189   190   1 404   242 320
1 During 2023 and 2022 no share-based compensation was made to the Group Management. The bonus payments are based on the last financial year (2022) and are only paid out in the following year.
2 These amounts comprise payments to pension plans (mandatory and non-mandatory), ESPPs and other social contributions.

No compensation was made to former members of the Board of Directors or Group Management. Furthermore, no payments at more favorable conditions were made to active or former members of the Board of Directors or Group Management.