I. Introduction
The Compensation Report describes the underlying basics, governing principles, and elements of the compensation of the Group Management and the Board of Directors of the Lindt & Sprüngli Group (Lindt & Sprüngli ) and also contains information on the actual compensation paid to the members of the Group Management and the Board of Directors. The information provided refers in each case to the financial year ending on December 31, 2023 (where required with comparative figures for the previous financial year). The Compensation Report incorporates the disclosure obligations set out in Article 734 et seqq. OR, which entered into force on January 1, 2023 (in each case if and as applicable), the requirements of Section 5 of the Annex to the Directive on Information relating to Corporate Governance (Corporate Governance Directive) of SIX Swiss Exchange, and the recommendations of the “Swiss Code of Best Practice for Corporate Governance” issued by economiesuisse in the version published on February 6, 2023.
This Compensation Report is structured as follows:
I. Introduction
II. Summary of advancements undertaken as of 2023
III. Compensation governance
i. Overview
ii. Compensation and Nomination Committee (CNC)
IV. Compensation of the Board of Directors
i. Compensation principles
ii. Regular review and benchmarking
iii. Compensation elements
iv. Compensation 2023
V. Compensation of the Group Management
i. Compensation goals and principles
ii. Compensation framework
iii. Compensation elements
iv. Compensation 2023
VI. Participations
VII. Other compensation-related aspects
i. Supplementary amount
ii. Employment contracts
iii. Additional fees, compensation, and loans to governing bodies
iv. Compensation to former members of corporate bodies
VIII. External mandates of the members of the Group Management and the Board of Directors