The Corporate Governance Report describes the essential features of corporate governance at the Swiss Life Group. The full report is available in the online annual report. Below you will find an extract from the report.
As was the case last year, PricewaterhouseCoopers (PwC) is again serving as external statutory auditor for all Swiss Life Group companies that are directly or indirectly held by Swiss Life Holding under its scope of consolidation.
PwC confirms that it meets the legal requirements concerning professional qualification and independence.
The Articles of Association stipulate that the external auditor is to be elected by the General Meeting of Shareholders for one financial year at a time. When Swiss Life Holding was estab-lished in 2002, PwC was named statutory auditor and Group auditor. Since then PwC has been elected without fail. PwC has also acted as statutory auditor for Swiss Life Ltd since 1994. Swiss Life Holding last invited tenders for its statutory auditor and Group auditor mandate for the 2008 financial year. On completion of the evaluation process, the Board of Directors, in accordance with the proposal of the Audit Committee, again nominated PwC as its statutory auditor and Group auditor at the General Meeting of Shareholders.
The partner at PwC in charge of auditing the Swiss Life Holding annual financial statements and consolidated financial statements (lead auditor) has exercised this function since 2011. The role of lead auditor rotates in compliance with the term of office regulations stipulated by the Swiss Code of Obligations, the independency guidelines set forth by the Swiss Institute of Certi-fied Accountants and Tax Consultants, and internal guidelines at PwC.
Board of Directors
|Members of the Board of Directors||SLH shares 31.12.2016|
|Rolf Dörig, Chairman of the Board of Directors
|Gerold Bührer||7 151|
|Frank Schnewlin||4 804|
|Adrienne Corboud Fumagalli||463
|Damir Filipovic||1 446|
|Frank W. Keuper||683
|Henry Peter||9 483|
|Franziska Tschudi Sauber||2 900|
|Total Board of Directors
Corporate Executive Board
Members of the
Corporate Executive Board
Restricted Share Units
|Patrick Frost, Group CEO||9 446||11 625|
|Thomas Buess||6 455||17 704|
|Nils Frowein||5 258||600|
|Ivo Furrer||6 455||1 000|
|Markus Leibundgut||5 035||3 070|
|Stefan Mächler||3 307||1 500|
|Charles Relecom||5 017||3 430|
|Total Corporate Executive Board
||40 973||38 929|
1 Total number of RSUs allocated in the years 2014, 2015 and 2016 in connection with the relevant equity compensation plan. The RSUs represent future subscription rights that entitle the individuals concerned to receive SLH shares after a period of three years, provided that the relevant conditions are met at that point.
Swiss Life Holding is a public limited company incorporated under Swiss law with its registered office in Zurich and dates back to the Schweizerische Rentenanstalt founded in 1857. The holding company brings all companies and activities of the Swiss Life Group under one roof.