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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) increased by 4.6% compared to the prior year. This is primarily attributable to higher age-related occupational pension plan contributions as well as the choice of a higher proportion of shares in the performance-related component. The increase in total remuneration paid to the Group Executive Board is primarily attributable to the salary increases granted for three members of the Group Executive Board in the year under review as well as the age-related increase in the level of retirement provision contributions likewise for three members of the Group Executive Board.



2015

CHF in thousands

Total Group
Executive Board
2015
Total Group
Executive Board
2014
Thereof
Urs Schaeppi
2015
Thereof
Urs Schaeppi
2014

Fixed base salary paid in cash

3,775

3,622

882

882

Variable earnings-related compensation paid in cash

1,972

1,969

336

463

Variable earnings-related compensation paid in shares (1)

1,018

712

327

184

Service-related and non-cash benefits

85

60

17

18

Employer contributions to social security (2)

538

481

126

116

Retirement benefits

816

696

144

110

Total compensation to members of the Group Executive Board

8,024

7,540

1,832

1,773

Benefits paid following retirement from Group Executive Board (3)

252

Total compensation to members of the Group Executive Board including benefits paid following retirement from Group Executive Board

8,024 7,792 1,832 1,773

(1) The shares are declared at their market value and are subject to a three-year blocking period.
(2) Employer contributions to social security (AHV (old-age and survivors' insurance), IV (disability insurance), EO (Income Compensation Scheme) and FAK (family allowances compensation fund) incl. administration costs such as daily benefit insurance (KTG) and accident insurance) are included in the total compensation.
(3) “Benefits paid following departure from the Group Executive Board” indicates the contractually stipulated remuneration paid to those stepping down from the Group Executive Board in the respective year under review that were paid during the notice period up to the date of departure. This amount includes the social security contributions made by the employer as well as retirement benefits.





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 2015 and 2014 are as follows:


Group Executive Board members

Number of shares as at 31.12.2015

Number of shares as at 31.12.2014

Urs Schaeppi (CEO)

2,602 2,275

Mario Rossi

821 634

Hans C. Werner

571 421

Marc Werner (1)

211
106

Christian Petit (2)

1,525 1,332

Roger Wüthrich-Hasenböhler (3)

1,032 879

Heinz Herren (3)

1,098 1,122

Total shares of the members of the Board of Directors

7,860 6,769

(1) Was made a member of the Group Executive Board on 1 January 2014.
(2) Was once again made a member of the Group Executive Board on 01 April 2014.
(3) Was once again made a member of the Group Executive Board on 01 January 2014.





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.