The compensation report sets out the discretionary competence and describes the compensation paid to the members of the Board of Directors and the Group Executive Board (Executive Board pursuant to Art. 23 of the Articles of Association) and provides information on the shares they hold in Bell Food Group Ltd.
The report complies with the provisions of the Ordinance against Excessive Compensation in Listed Corporations (VegüV) and the related provisions of the Swiss Code of Obligations. It essentially follows the recommendations of the Swiss Code of Best Practice for Corporate Governance issued by economiesuisse and the Directive on Information relating to Corporate Governance (DCG) of the SIX Swiss Exchange, and also takes account of the Articles of Association, the by-laws and the regulations of the Compensation Committee of Bell Food Group Ltd.
Unless stated otherwise, the compensation report refers to the 2017 financial year. Compensation payments are recognised when they occur.
The Bell Food Group's sales revenue improved by CHF 327.6 million to CHF 2.1 billion in the first half of 2018. At 268.3 million kilograms, sales volume is up by 19.9 percent on the prior-year period. EBITDA improved by CHF 6 millio...