Compensation in 2016
For the 2016 business year, the members of the Board of Directors received a fixed compensation of CHF thousands 934. Contributions to benefit plans and other social contributions amounted to CHF thousands 107. The fixed compensation was paid in cash (CHF thousands 764) as well as in the form of an entitlement to acquire LLB shares (CHF thousands 170). The entitlement to acquire LLB shares is subject to a blocked period of three years.
In comparison with the previous year, the total compensation of the members of the Board of Directors decreased by CHF thousands 3 or 0.3 percent. The reduction in the compensation of the members of the Board of Directors was due to lower contributions to benefit plans and other social contributions.
For the 2016 business year, the members of the Group Executive Board received a fixed compensation of CHF thousands 3,120 and a variable compensation of CHF thousands 2,262. Contributions to benefit plans and other social contributions amounted to CHF thousands 1,020. The fixed compensation was paid in cash. The variable compensation was paid in cash (50 %) as well as in the form of an entitlement to acquire LLB shares (50 %), which is subject to a blocked period of three years. The number of shares for the share-based compensation is calculated from the average share price of the last quarter of 2016 (CHF 40.26). The variable compensation for the members of the Group Executive Board was, on average, approximately 72.5 percent of the fixed compensation or 35.3 percent of total compensation.
The total compensation of the members of the Group Executive Board in 2016 increased by CHF thousands 1,284 or 25.1 percent. This increase was the result of the higher variable compensation. The MAPI was plus 22.5 percent, which corresponds to an attainment of targets of 156.2 percent.
The total compensation of the members of the Board of Directors and the members of the Group Executive Board for the 2016 business year is reported on an accrual basis. The variable compensation was charged to the 2016 income statement. Payment of the STI to the members of the Group Executive Board will be made in the first quarter of 2017. The entitlement to acquire LLB shares by the Group Executive Board (LTI) and the Board of Directors is subject to a blocked period of three years.
Details of the compensation and the participations of the members of the Board of Directors and the Group Executive Board, as well as loans to them are shown in the following table.
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|
Fixed compensation * |
Variable compensation |
Contribution to benefit plans and other social contributions |
Share-based payments |
Entitlements |
Total |
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---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
in CHF thousands |
2016 |
2015 |
2016 |
2015 |
2016 |
2015 |
2016 |
2015 |
2016 |
2015 |
2016 |
2015 |
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Members of the Board of Directors |
|
|
|
|
|
|
|
|
|
|
|
|
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Hans-Werner Gassner, Chairman ** |
300 |
300 |
0 |
0 |
73 |
74 |
0 |
0 |
40 |
40 |
413 |
414 |
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Markus Foser, Vice Chairman |
119 |
119 |
0 |
0 |
9 |
9 |
0 |
0 |
30 |
30 |
158 |
158 |
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Markus Büchel, Member |
64 |
64 |
0 |
0 |
5 |
5 |
0 |
0 |
20 |
20 |
89 |
89 |
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Patrizia Holenstein, Member |
74 |
74 |
0 |
0 |
6 |
6 |
0 |
0 |
20 |
20 |
100 |
100 |
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Urs Leinhäuser, Member |
74 |
74 |
0 |
0 |
4 |
6 |
0 |
0 |
20 |
20 |
98 |
100 |
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Gabriela Nagel-Jungo, Member |
63 |
63 |
0 |
0 |
5 |
5 |
0 |
0 |
20 |
20 |
88 |
88 |
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Roland Oehri, Member |
70 |
70 |
0 |
0 |
5 |
5 |
0 |
0 |
20 |
20 |
95 |
95 |
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Total |
764 |
764 |
0 |
0 |
107 |
110 |
0 |
0 |
170 |
170 |
1'041 |
1'044 |
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|
|
|
|
|
|
|
|
|
|
|
|
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Members of the Board of Management *** |
|
|
|
|
|
|
|
|
|
|
|
|
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Roland Matt, Group CEO |
637 |
637 |
182 |
87 |
189 |
183 |
|
|
182 |
87 |
1'190 |
994 |
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Other members of the Board of Management **** |
2'483 |
2'497 |
949 |
394 |
831 |
839 |
|
|
949 |
394 |
5'212 |
4'124 |
||||||||||||||||||||
Total |
3'120 |
3'134 |
1'131 |
481 |
1'020 |
1'022 |
0 |
0 |
1'131 |
481 |
6'402 |
5'118 |
Download |
|
Bearer shares |
|||
---|---|---|---|---|
|
31.12.2016 |
31.12.2015 |
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Members of the Board of Directors |
|
|
||
Hans-Werner Gassner, Chairman |
2'729 |
2'729 |
||
Markus Foser, Vice Chairman |
160 |
160 |
||
Markus Büchel, Member |
0 |
0 |
||
Patrizia Holenstein, Member |
0 |
0 |
||
Urs Leinhäuser, Member |
250 |
250 |
||
Gabriela Nagel-Jungo, Member |
235 |
235 |
||
Roland Oehri, Member |
400 |
400 |
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Total |
3'774 |
3'774 |
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|
|
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Members of the Board of Management |
|
|
||
Roland Matt, Group CEO |
10'707 |
8'013 |
||
Urs Müller, Vice Group CEO |
11'370 |
9'151 |
||
Gabriel Brenna |
4'079 |
3'157 |
||
Heinz Knecht (until 30 June 2016) |
0 |
2'347 |
||
Natalie Epp (since 1 July 2016) |
50 |
0 |
||
Kurt Mäder |
5'041 |
2'894 |
||
Christoph Reich |
3'228 |
1'499 |
||
Total |
34'475 |
27'061 |
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|
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Other related companies and parties |
|
|
||
Related parties |
100 |
100 |
||
Total |
100 |
100 |
No member of the Board of Directors or the Board of Management owns more than 0.1 percent of the voting rights.
Download |
|
Fixed mortgages |
Variable mortgages |
Total |
|||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
in CHF thousands |
31.12.2016 |
31.12.2015 |
31.12.2016 |
31.12.2015 |
31.12.2016 |
31.12.2015 |
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Members of the Board of Directors |
|
|
|
|
|
|
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Hans-Werner Gassner, Chairman |
0 |
0 |
0 |
0 |
0 |
0 |
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Markus Foser, Vice Chairman |
1'000 |
300 |
0 |
0 |
1'000 |
300 |
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Markus Büchel, Member |
1'291 |
1'294 |
0 |
0 |
1'291 |
1'294 |
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Patrizia Holenstein, Member |
0 |
0 |
0 |
0 |
0 |
0 |
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Urs Leinhäuser, Member |
0 |
0 |
0 |
0 |
0 |
0 |
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Gabriela Nagel-Jungo, Member |
400 |
400 |
0 |
0 |
400 |
400 |
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Roland Oehri, Member |
0 |
0 |
0 |
0 |
0 |
0 |
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Related parties |
1'425 |
1'580 |
0 |
0 |
1'425 |
1'580 |
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Total |
4'116 |
3'574 |
0 |
0 |
4'116 |
3'574 |
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|
|
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Members of the Board of Management |
|
|
|
|
|
|
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Roland Matt, Group CEO |
1'005 |
1'255 |
0 |
0 |
1'005 |
1'255 |
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Other members of the Board of Management * |
2'810 |
2'810 |
0 |
0 |
2'810 |
2'810 |
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Related parties ** |
0 |
0 |
0 |
0 |
0 |
0 |
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Total |
3'815 |
4'065 |
0 |
0 |
3'815 |
4'065 |
At 31 December 2016, the maturities of the fixed mortgages for the members of the Board of Directors and related parties ranged between 13 and 107 months (previous year: between 11 and 119 months) at standard market client interest rates of 0.95 to 1.65 percent p.a. (previous year: 1.10 to 1.60 %). At 31 December 2016, the maturities of the fixed mortgages for the members of the Board of Management ranged between 22 and 102 months (previous year: between 1 and 114 months) at interest rates of 0.4 to 1.88 percent p.a. (previous year: 1.05 to 2.88 %).
Of the total amount for mortgages for the members of the Board of Management, CHF thousands 1,000 (previous year: CHF thousands 750) was granted at the preferential interest rate for staff, the remainder was subject to the standard market client interest rate.
The fair value of cover of new loans granted amounted to CHF thousands 1,577 (previous year: CHF thousands 1,577).
No allowances for loans to management were necessary. LLB issued guarantees to third parties on behalf of management or related parties totalling CHF thousands 168 (previous year: CHF thousands 0).