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Remuneration


Remuneration of the Group Executive Board

Swisscom’s remuneration policy in relation to the Group Executive Board is designed to attract and retain highly qualified and motivated professionals and executive personnel in the long term, and to provide the latter with an incentive for the sustainable enhancement of corporate value. It is systematic, transparent and long-range.






Compensation

Overview of all remuneration

The total remuneration paid to the highest-earning member of the Group Executive Board (CEO, Urs Schaeppi) decreased by 2.1% compared to the prior year. The decrease in total remuneration paid to the Group Executive Board and the CEO is primarily attributable to the lower variable remuneration as compared to the prior year.



2018

CHF in thousands

Total Group

Executive Board

2018
 

Total Group

Executive Board

2017

Thereof

Urs Schaeppi

2018

Thereof

Urs Schaeppi

2017

Fixed base salary paid in cash 3,694 3,736 882 882
Variable performance-related salary component in cash 1,874 1,966 459 486
Variable earnings-related compensation paid in shares (1) 886 901 182 193
Service-related and non-cash benefits 95 92 22 21
Employer contributions to social security (2) 575 591 137 145
Pension benefits 892 847 147 141
Total remuneration to members of the Group Executive Board 8,016 8,133 1,829 1,868
Benefits paid following retirement from the Group Executive Board (3) 605 629 - -
Total remuneration paid to members of the Group Executive Board, including benefits paid following retirement from the Group Executive Board 8,621 8,762 1,829 1,868

(1) The shares are reported at market value and are blocked from sale for three years.
(2) Employer contributions to social security (AHV, IV, EO and FAK, incl. administration costs, and daily sickness benefits and accident insurance) are included in the total remuneration.
(3) Contractual compensation payments made during the notice period to a Group Executive Board member who resigned from the Board during the previous year.





Shareholdings

Shareholdings of the members of the Group Executive Board

Since 2013, the members of the Group Executive Board have been required to hold a minimum amount of Swisscom shares. The minimum shareholding to be held by the CEO shall be equivalent to two years' base salary and one year for the members of the Group Executive Board. The members of the Group Executive Board have four years to acquire their shareholding. The number of blocked and non-blocked shares held by members of the Group Executive Board and and/or related parties as at 31 December 2018 and 2017 are as follows:


Group Executive Board members Number of
shares as at 
31.12.2018
Number of
shares as at
31.12.2017
Urs Schaeppi (CEO) 4,380 3,964
Mario Rossi 1,483 1,236
Hans C. Werner 1,259 1,068
Marc Werner 1,158 750
Urs Lehner 290 115
Heinz Herren 1,856 1,586
Dirk Wierzbitzki 604 234
Total shares of the members of the Board of Directors 11,030 8,953





Management transactions

Transactions with Swisscom securities conducted by the Group Executive Board and Board of Directors

All transactions in Swisscom registered shares, options and in financing instruments based on Swisscom shares or options are published by SIX Swiss Exchange in line with the guidelines on the disclosure of management transactions.