Remuneration
Board of Directors
The remuneration of the Sympany Board of Directors covers the expenses of its members at Sympany Holding AG and its subsidiaries. The compensation is passed on to the insurance companies on a pro rata basis. The remuneration comprises an annual fixed payment and an additional fixed sum for committee work and meeting attendance fees. The Chairman is also paid a fixed amount of compensation for office infrastructure.
In 2023, the total remuneration paid to the Board of Directors amounted to CHF 532’133. The highest individual remuneration amount was paid to the Chairman of the Board of Directors and totalled CHF 114’071.
Executive Board
The remuneration of the Sympany Executive Board covers the expenses of its members at Sympany Holding AG and its subsidiaries. The compensation is passed on to the insurance companies on a pro rata basis. The remuneration comprises a basic salary, employer’s contributions to the Pension Fund, variable remuneration that is dependent on business results and the achievement of targets, and other compensation.
In 2023, the total remuneration paid to the Executive Board was made up of cash payments of CHF 1’875’309 net, CHF 337’551 in employer’s contributions to the Pension Fund and other compensation of CHF 60’608. The cash payment comprises the basic salary and all variable amounts. The highest individual remuneration amount was that paid to the former CEO, made up of a cash payment of CHF 388’073 net, pension contributions of CHF 74’779 and other compensation of CHF 8’146.
The members of the Executive Board are obliged to remit to the company any fees or other compensation that they receive from mandates on Sympany’s behalf. No additional fees or compensation were paid to members of the Executive Board in 2023.