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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 3,8% 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.



2019

CHF in thousands Total Group
Executive Board
2019
Total Group
Executive Board
2018
Thereof
Urs Schaeppi
2019
Thereof
Urs Schaeppi
2018
Fixed base salary paid in cash 3,606 3,694 882 882
Variable performance-related salary component in cash 1,636 1,874 417 459
Variable earnings-related compensation paid in shares (1) 757 886 165 182
Service-related and non-cash benefits 105 95 15 22
Employer contributions to social security (2) 539 575 132 137
Pension benefits 873 892 148 147
Total remuneration to members of the Group Executive Board 7,516 8,016 1,759 1,829
Benefits paid following retirement from the Group Executive Board (3) - 605 - -
Total remuneration paid to members of the Group Executive Board, including benefits paid following retirement from the Group Executive Board 7,516 8,621 1,759 1,829

(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 2019 and 2018 are as follows:


Group Executive
Board members
Number of
shares as
at 31.12.2019
Number of
shares as
at 31.12.2018
Urs Schaeppi (CEO) 4,752 4,380
Mario Rossi 1,707 1,483
Hans C. Werner 1,440 1,259
Marc Werner 1,364 1,158
Urs Lehner 509 290
Christoph Aeschlimann (1) - -
Heinz Herren (2) - 1,856
Dirk Wierzbitzki 969 604
Total shares of the members
of the Board of Directors
10,741 11,030

(1) Was made a member of the Group Executive Board on 01 February 2019.
(2) Left the Group Executive Board on 31 January 2019.





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.