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BOARd OF diRECTORS Alain Caparros Jan C. Berger Prof. Dr. Peter Littmann Hans Ziegler, Chairman of the Board of Directors
Hans Ziegler Chairman of the Board of Directors of Swisslog Holding AG, member of the Board of Directors and from August 2009 to May 2010 delegate of the Board of Directors and CEO of OC Oerlikon Corporation AG. Jan C. Berger Chairman of the Meester Koetsier Foundation, Bloemendaal (Netherlands), Vice Chairman of NEVI (Dutch Association for Procurement and Supply Chain), Zoetermeer (Netherlands), member of the Advisory Board of Visual Retailing NL-Haarlem (Netherlands), member of the Advisory Board of the Centraal Museeum Utrecht. Alain Caparros CEO of REWE-Zentral AG, Cologne (Germany), CEO of REWE-Zentral Finanz e.G. Cologne (Germany), Chairman of the Supervisory Board of REWE International AG, Wiener Neudorf (Austria), partner with personal liability of REWE-Deutscher Supermarkt KGaA, Cologne (Germany), Chairman/member of the Board of Directors of COOPERNIC Société coopératve à responsabilité limitée, Brussels (Belgium), member of the Board of Directors of transGourmet SE, Basel, member of the Board of the Committee on Eastern European Economic Relations, Berlin (Germany), co-opted member of the Board of the BVL-Bundesverband des Deutschen Lebensmittelshandels e.V., Berlin (Germany). Prof. Dr. Peter Littmann Member of the Board of Directors of Marc’O Polo AG, Stephanskirchen (Germany) and member of the Board of Directors of Ruckstuhl AG. 49 3.3 elections and terms of office The Board of Directors of Charles Vögele Holding AG has four members. The members are elected singly by the Annual Shareholders’ Meeting for a term of office of one year, a “year in office” being defined as the period between two Annual Shareholders’ Meetings. Reelection is permitted. If a Member departs before the end of his or her term of office, his or her successor takes over for the remainder of the departing member’s term of office. The Board of Directors designates a Chairman and a secretary, neither of whom has to be a member of the Board of Directors or a shareholder. 3.4 Internal organisation The Board of Directors meets as often as is required by the Company’s activities, but at least four times a year. Ten ordinary meetings, one of which was a two-day strategy meeting, and various telephone conferences were held in 2011. All members of the Board of Directors were present at all ten ordinary meetings during the year under review. Depending on the agenda, the ordinary meetings lasted between 1.5 and 6 hours. Members of Group Management and the Board secretary are always present at the Board meetings; other employees or third parties are brought in as required. Financial Report | Corporate GovernanCe | The World of Fashion | Corporate Social Responsibility | Overview of Regions | Annual Review | CEO 's Report | Chairman's Message
Page 1: annual report 2011
Page 4 and 5: Group KeY FiGures Five-Year overvie
Page 6 and 7: 4 6 11 13 14 15 17 18 19 31 43 cont
Page 8 and 9: “The annual results for 2011 mark
Page 10 and 11: “Our core target groups are women
Page 12 and 13: Outlook: return to profitable growt
Page 14 and 15: Filippo, 44 Charles Vögele Store S
Page 16 and 17: annual revieW The country merchandi
Page 18 and 19: sWitZerlanD region A difficult envi
Page 20 and 21: Jakub, 48 Charles Vögele Store Wol
Page 22 and 23: BeneluX region Lack of confidence i
Page 24 and 25: Dorota, 48 Charles Vögele Store Wo
Page 26 and 27: 1 CuStomer reSponSibility anD proDu
Page 28 and 29: Value-Added Statement menting the
Page 30 and 31: 3 our employeeS Our employees’ kn
Page 32 and 33: Climate friendly operations - We ar
Page 34 and 35: Environmental criteria in the suppl
Page 36 and 37: News Stores worldwide By the end of
Page 38 and 39: The spring collection “California
Page 40 and 41: Til Schweiger behind the scenes Sin
Page 42 and 43: CharleS Vögele By NumBerS 7 300 em
Page 44 and 45: Sarah Connor
Page 47 and 48: CORpORATE Charles Vögele Group is
Page 49 and 50: 1 GroUp StrUCtUre anD SHareHoLDerS
Page 51: 2.6 restrictions on transferability
Page 55 and 56: - Nomination and Compensation Commi
Page 57 and 58: 3.6 Information from and control ov
Page 59 and 60: 4 GroUp ManaGeMent Group Management
Page 61 and 62: The share option plan in place for
Page 63 and 64: 7.5 entry in the share register The
Page 65 and 66: Financial RepoRt
Page 67 and 68: Financial coMMentaRY 2011 was a tur
Page 69 and 70: Financial expenses and taxes Financ
Page 71 and 72: At 31 December CONSOLIDATED bALANCE
Page 73 and 74: CHF 1000 Note From 1 January to 31
Page 75 and 76: 2.3 Basis of consolidation The cons
Page 77 and 78: 2.7 Net sales and revenue recogniti
Page 79 and 80: The amounts shown under shareholder
Page 81 and 82: 2.17 Impairment of assets All capit
Page 83 and 84: 2.23 Treasury shares The costs of t
Page 85 and 86: CHF 1000 EUR / CHF USD / CHF 2011 i
Page 87 and 88: CHF 1000 < 1 year 1 - 5 years > 5 y
Page 89 and 90: 4 Critical accounting estimates and
Page 91 and 92: 5 Segment information Switzerland G
Page 93 and 94: The pension liabilities and plan as
Page 95 and 96: The pension liability of the German
Page 97 and 98: 15 Income tax 15.1 Composition of i
Page 99 and 100: 15.5 Tax-relevant loss carry-forwar
Page 101 and 102: Other receivables are not related t
Page 103 and 104:
20.2 Finance leases The carrying am
Page 105 and 106:
22.2 Impairment test on goodwill CH
Page 107 and 108:
24 Short-term financial liabilities
Page 109 and 110:
CHF 1000 28 Mortgages Balance at 1
Page 111 and 112:
32 Treasury shares As of 31 Decembe
Page 113 and 114:
Tranche The weighted average remain
Page 115 and 116:
Movement in valuation differences n
Page 117 and 118:
2011 CHF 1000 Details of total paym
Page 119 and 120:
Balance, at 31 December 2011 Disclo
Page 121 and 122:
41 Structure of the Charles Vögele
Page 123:
Opinion In our opinion, the consoli
Page 126 and 127:
From 1 January to 31 December INCOM
Page 128 and 129:
NOtES tO thE FINaNCIal StatEMENtS 1
Page 130 and 131:
Shareholders 66 Share of capital as
Page 132 and 133:
Report of the statutory auditors to
Page 134 and 135:
Share performance Price performance
Page 136:
Charles Vögele makes fashion.
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