Federal Act
on the Amendment of the Swiss Civil Code
(Part Five: The Code of Obligations)

Art. 734c

IV. Re­mu­ner­a­tion, loans and cred­it fa­cil­it­ies gran­ted to close as­so­ci­ates

 

1 The fol­low­ing shall be shown sep­ar­ately in the re­mu­ner­a­tion re­port:

1.
the re­mu­ner­a­tion that the com­pany has paid dir­ectly or in­dir­ectly on con­di­tions oth­er than the cus­tom­ary mar­ket con­di­tions to per­sons closely as­so­ci­ated with cur­rent or former mem­bers of the board of dir­ect­ors, the ex­ec­ut­ive board or the board of ad­visors;
2.
the loans and cred­it fa­cil­it­ies gran­ted on con­di­tions oth­er than the cus­tom­ary mar­ket con­di­tions to per­sons closely as­so­ci­ated with cur­rent or former mem­bers of the board of dir­ect­ors, the ex­ec­ut­ive board or the board of ad­visors which are still out­stand­ing.

2 The names of the close as­so­ci­ates need not be provided.

3 The rules on in­form­a­tion on the re­mu­ner­a­tion of, and loans and cred­it fa­cil­it­ies gran­ted to mem­bers of the board of dir­ect­ors, the ex­ec­ut­ive board and the board of ad­visors oth­er­wise ap­ply.

 

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