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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 0,1% compared to the prior year. The increase in total remuneration paid to the Group Executive Board is attributable to the one-time special contribution made to the pension plan to offset the impact of the reduction in the conversion rate for employees born in 1969 or earlier. The increase this caused in retirement provision contributions was largely compensated by the lower variable remuneration .



2016

CHF in thousands Total Group
Executive Board
2016
Total Group
Executive Board
2015
Thereof
Urs Schaeppi
2016
Thereof
Urs Schaeppi
2015
Fixed base salary paid in cash 3,782 3,775 882 882
Variable earnings-related compensation paid in cash 1,604 1,792 284 336
Variable earnings-related compensation paid in shares (1) 975 1,018 338 327
Service-related and non-cash benefits 84 85 14 17
Employer contributions to social security (2) 541 538 126 126
Retirement benefits (3) 1,064 816 189 144
Total Compensation to members of the Group Executive Board 8,050 8,024 1,833 1,832

(1) The shares are reported 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) Includes the share of the special contribution to the pension fund attributable to the members of the Group Executive Board. Swisscom is paying the non-recurring contribution to mitigate the impact of pension reductions as a result of the lowering of the conversion rate on 1 July 2017.





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 2016 and 2015 are as follows:


Group Executive Board members Number of
shares as at
31.12.2016
Number of
shares as at
31.12.2015
Urs Schaeppi (CEO) 3,229 2,602
Mario Rossi 1’027 821
Hans C. Werner 897 571
Marc Werner 382 211
Christian Petit 1,337 1,525
Roger Wüthrich-Hasenböhler (1) - 1,032
Heinz Herren 1,333 1,098
Dirk Wierzbitzki (2) 64 -
Total shares of the members of the Board of Directors 8,269 7,860

(1) Left the Group Executive Board on 31 December 2015.
(2) Was made a member of the Group Executive Board on 1 January 2016 .





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.