23^rd Ordinary Shareholders’ Meeting 2021

Results, speeches, videos

The shareholders accepted all requests of the Board of Directors with a significant majority via the independent proxies at the 23^rd Ordinary Shareholders’ Meeting on 31 March 2021. Due to Covid-19 restrictions, the Shareholders’ Meeting took place in the absence of the shareholders and was broadcast live on the Internet.

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Watch the video of the live broadcast of the 23^rd Ordinary Shareholders’ Meeting of 31 March 2021. In the video you can watch and listen to the full versions of all the speeches and presentations. Total length of video: 01:19:53 hours.

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Watch the video reviewing the year at the 23^rd Ordinary Shareholders’ Meeting of 31 March 2021. Total length of video: 03:44 min.

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Watch the video of the speech by the outgoing Chairman of the Board of Directors Hansueli Loosli at the Shareholders’ Meeting 2021. Total length of video: 03:38 min.

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Watch the video of the CEO Talk with Urs Schaeppi at the Shareholders’ Meeting 2021. Total length of video: 10:50 min.

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Watch the video in which the new Chairman of the Board of Directors Michael Rechsteiner introduces himself at the Shareholders’ Meeting 2021. Total length of video: 04:03 min.

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Watch the video with Federal Councillor Sommaruga on the departure of Chairman of the Board of Directors Hansueli Loosli at the 23^rd Ordinary Shareholders’ Meeting of 31 March 2021. Total length of video: 02:16 min.

Results of the votes

The shareholders approved all the requests of the Board of Directors with a large majority and agreed to accept the selection of the proposed candidates.

1.1 Approval of the Management Report, the consolidated financial statements and the financial statements of Swisscom Ltd for the financial year 2020

The Shareholders' Meeting approved the management commentary, the financial statements of Swisscom Ltd and the consolidated financial statements for the financial year 2020 with the following result.

Valid votes cast	38,496,304
Absolute majority	19,248,153
Yes votes	38,490,295	99.98%
No votes	6,009	0.02%
Abstentions	188,224

1.2 Consultative vote on the Remuneration Report 2020

In accordance with the proposal, the Ordinary Shareholders’ Meeting took affirmative notice of the Remuneration Report 2020 with the following result:

Valid votes cast	38,453,978
Absolute majority	19,226,990
Yes votes	36,559,139	95.07%
No votes	1,894,839	4.93%
Abstentions	230,550

The Board of Directors proposes that the retained earnings CHF 5,634 million be appropriated as follows:

Dividend of CHF 22 per share for 51,800,516 shares:	CHF 1,140 million
Balance to be carried forward:	CHF 4,494 million

No dividends will be paid out on shares held by Swisscom Ltd.

The Shareholders' Meeting approves the proposal by the Board of Directors with the following result:

Valid votes cast	38,526,915
Absolute majority	19,263,459
Yes votes	38,274,072	99.34%
No votes	252,843	0.66%
Abstentions	157,613

The Shareholders’ Meeting discharged the members of the Board of Directors and the Group Executive Board for the 2020 financial year with the following result:

Valid votes cast	38,459,257
Absolute majority	19,229,630
Yes votes	38,390,160	99.82%
No votes	69,097	0.18%
Abstentions	211,556

In accordance with the proposal, the Shareholders’ Meeting elected Roland Abt as a member of the Board of Directors for a further term of office ending with the conclusion of the next Ordinary Shareholders’ Meeting with the following result:

Valid votes cast	38,490,452
Absolute majority	19,245,227
Yes votes	37,870,639	98.39%
No votes	619,813	1.61%
Abstentions	194,076

In accordance with the proposal, the Shareholders’ Meeting elected Alain Carrupt as a member of the Board of Directors for a further term of office ending with the conclusion of the next Ordinary Shareholders’ Meeting with the following result:

Valid votes cast	38,485,653
Absolute majority	19,242,828
Yes votes	38,432,846	99.86%
No votes	52,807	0.14%
Abstentions	198,875

In accordance with the proposal, the Shareholders’ Meeting elected Guus Dekkers as a member of the Board of Directors for a further term of office ending with the conclusion of the next Ordinary Shareholders’ Meeting with the following result:

Valid votes cast	38,487,556
Absolute majority	19,243,779
Yes votes	38,426,097	99.84%
No votes	61,459	0.16%
Abstentions	196,972

In accordance with the proposal, the Shareholders’ Meeting elected Frank Esser as a member of the Board of Directors for a further term of office ending with the conclusion of the next Ordinary Shareholders’ Meeting with the following result:

Valid votes cast	38,486,012
Absolute majority	19,243,007
Yes votes	38,196,714	99.25%
No votes	289,298	0.75%
Abstentions	198,516

In accordance with the proposal, the Shareholders’ Meeting elected Barbara Frei as a member of the Board of Directors for a further term of office ending with the conclusion of the next Ordinary Shareholders’ Meeting with the following result:

Valid votes cast	38,490,932
Absolute majority	19,245,467
Yes votes	35,634,817	92.58%
No votes	2,856,115	7.42%
Abstentions	193,596

In accordance with the proposal, the Shareholders’ Meeting elected Sandra Lathion-Zewifel as a member ofthe Board of Directors for a further term of office ending with the conclusion of the next Ordinary Shareholders’ Meeting with the following result:

Valid votes cast	38,484,398
Absolute majority	19,242,200
Yes votes	36,864,479	95.79%
No votes	1,619,919	4.21%
Abstentions	200,130

In accordance with the proposal, the Shareholders’ Meeting elected Anna Mossberg as a member of the Board of Directors for a further term of office ending with the conclusion of the next Ordinary Shareholders’ Meeting with the following result:

Valid votes cast	38,492,150
Absolute majority	19,246,076
Yes votes	38,392,441	99.74%
No votes	99,709	0.26%
Abstentions	192,378

In accordance with the proposal, the Shareholders’ Meeting elected Michael Rechsteiner as a member of the Board of Directors for a further term of office ending with the conclusion of the next Ordinary Shareholders’ Meeting with the following result:

Valid votes cast	38,488,821
Absolute majority	19,244,412
Yes votes	38,223,176	99.31%
No votes	265,645	0.69%
Abstentions	195,707

In accordance with the proposal, the Shareholders’ Meeting elected Michael Rechsteiner as a Chairman of the Board of Directors for a further term of office ending with the conclusion of the next Ordinary Shareholders’ Meeting with the following result:

Valid votes cast	38,484,179
Absolute majority	19,242,091
Yes votes	38,410,849	99.81%
No votes	73,330	0.19%
Abstentions	200,349

In accordance with the proposal, the Shareholders' Meeting elected Roland Abt as a member of the Remuneration Committee for a further term of office ending with the conclusion of the next Ordinary Shareholders' Meeting with the following result:

Valid votes cast	38,468,372
Absolute majority	19,234,187
Yes votes	37,972,197	98.71%
No votes	496,175	1.29%
Abstentions	216,156

In accordance with the proposal, the Shareholders' Meeting elected Frank Esser as a member of the Remuneration Committee for a further term of office ending with the conclusion of the next Ordinary Shareholders' Meeting with the following result:

Valid votes cast	38,475,654
Absolute majority	19,237,828
Yes votes	38,314,086	99.58%
No votes	161,568	0.42%
Abstentions	208,874

In accordance with the proposal, the Shareholders' Meeting elected Barbara Frei as a member of the Remuneration Committee for a further term of office ending with the conclusion of the next Ordinary Shareholders' Meeting with the following result:

Valid votes cast	38,478,555
Absolute majority	19,239,279
Yes votes	35,848,945	93.17%
No votes	2,629,610	6.83%
Abstentions	205,973

In accordance with the proposal, the Shareholders' Meeting elected Michael Rechsteiner as a member without voting rights of the Remuneration Committee for a further term of office ending with the conclusion of the next Ordinary Shareholders' Meeting with the following result:

Valid votes cast	38,473,955
Absolute majority	19,236,979
Yes votes	38,336,695	99.64%
No votes	137,260	0.36%
Abstentions	210,573

In accordance with the proposal, the Shareholders' Meeting elected Renzo Simoni as a member of the Remuneration Committee for a further term of office ending with the conclusion of the next Ordinary Shareholders' Meeting with the following result:

Valid votes cast	38,474,098
Absolute majority	19,237,050
Yes votes	37,558,870	97.62%
No votes	915,228	2.38%
Abstentions	210,430

6.1 Approval of the total remuneration of the members of the Board of Directors for 2022

In accordance with the proposal, the Shareholders' Meeting approved the remuneration of the members of the Board of Directors for the 2022 financial year amounting to a maximum total amount of CHF 2.5 million with the following result:

Valid votes cast	38,485,154
Absolute majority	19,242,578
Yes votes	38,175,474	99.20%
No votes	309,680	0.80%
Abstentions	199,374

6.2 Approval of the total remuneration of the members of the Group Executive Board for 2022

In accordance with the proposal by the Board of Directors, the Shareholders' Meeting approved the maximum total amount of CHF 8.7 million for remuneration of the members of the Group Executive Board for 2021 with the following result:

Valid votes cast	38,464,659
Absolute majority	19,232,331
Yes votes	37,365,207	97.14%
No votes	1,099,452	2.86%
Abstentions	219,869

In accordance with the proposal by the Board of Directors, the Shareholders’ Meeting re-elected the law firm Reber Rechtsanwälte, Zurich, for a further term of office as an independent proxy until the conclusion of the next Ordinary Shareholders’ Meeting with the following result:

Valid votes cast	38,526,802
Absolute majority	19,263,402
Yes votes	38,520,884	99.98%
No votes	5,918	0.02%
Abstentions	157,726

In accordance with the proposal by the Board of Directors, the Ordinary Shareholders’ Meeting elected PricewaterhouseCoopers AG, Zurich, as the statutory auditor for the 2021 financial year with the following result:

Valid votes cast	38,522,385
Absolute majority	19,261,194
Yes votes	37,849,396	98.25%
No votes	672,989	1.75%
Abstentions	162,143

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Cloé Zähringer-Cela,
Shop Manager

Documents

Minutes

The written record of the Ordinary Shareholders’ Meeting 2021 follows.

Results

Voting results of the 23^rd Ordinary Shareholders’ Meeting of Swisscom Ltd on 31 March 2021

Voting results SM 2021 (343 KB)

Downloads

Invitation SM 2021 (223 KB)

Annual Report 2020 (5.13 MB)

Links

Press release SM 2021

Go to Annual Report 2020

The Swisscom share

All about the dividend

Investors’ portal

Contact

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