Conflicts of interest

The members of the Board of Directors, the CEO and the members of the Group Management are obliged to inform the Chair of the Board of Directors or, in the case of the Chair of the Board of Directors, the whole Board of Directors, or, in the case of members of the Group Management, the CEO, immediately if any business arises that affects or could affect their own interests or the interests of individual persons or legal entities related to them. The Chair of the Board of Directors or the CEO, or the whole Board of Directors, decides on appropriate measures, including deliberations without the presence of the person concerned. As a rule, however, the members of the Board of Directors and members of the Group Management concerned are entitled to present their view to the relevant body. The relevant rules are reflected in the Organizational Regulations of Chocoladefabriken Lindt & Sprüngli AG.

• Organizational Regulations

As Executive Chair of the Board of Directors, Mr. Ernst Tanner supports, advises and guides the Board of Directors and in particular the CEO of the Lindt & Sprüngli Group. Due to his long-term engagement of over 30 years within the Group and thus his in-depth knowledge of the FMCG market, Mr. Tanner represents the Group on key strategic decisions. He therefore works in an executive capacity and is directly employed by the Group. Due to this executive function, particular attention is paid to any potential conflicts of interest. The Organizational Regulations of the Company also foresee the appointment of a Lead Independent Director.