23rd Ordinary Shareholders’ Meeting 2021
The shareholders accepted all requests of the Board of Directors with a significant majority via the independent proxies at the 23rd 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.
Watch the video of the live broadcast of the 23rd 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.
Watch the video reviewing the year at the 23rd Ordinary Shareholders’ Meeting of 31 March 2021. Total length of video: 03:44 min.
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.
Watch the video of the CEO Talk with Urs Schaeppi at the Shareholders’ Meeting 2021. Total length of video: 10:50 min.
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.
Watch the video with Federal Councillor Sommaruga on the departure of Chairman of the Board of Directors Hansueli Loosli at the 23rd Ordinary Shareholders’ Meeting of 31 March 2021. Total length of video: 02:16 min.
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 |
Cloé Zähringer-Cela, |
Written transcript of the 23rd Ordinary Shareholders’ Meeting of Swisscom Ltd on 31 March 2021
Voting results of the 23rd Ordinary Shareholders’ Meeting of Swisscom Ltd on 31 March 2021
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Written transcript of the 18st Ordinary Shareholders’ Meeting 2016.
Cloé Zähringer-Cela, |