Siegfried Annual Report 2009

More documents

Recommendations

Info

Corporate Governance Table of contents 0. Foreword and general framework 1. Siegfried Group management structure & shareholders 2. Capital structure 3. Board of Directors 4. Executive management 5. Compensation, investments and loans 6. Participatory rights of shareholders 7. Controlling and defensive measures 8. Auditors 9. Information policy 12 Corporate Governance
0. Foreword and general framework Regarding corporate governance, the Siegfried Group takes an integrated approach and is fully committed to mutual trust and clarity toward shareholders, employees, business journalists and financial analysts. Our experience with the SIX Swiss Exchange guidelines has shown the importance of stable and long-term relationships with all shareholders and stakeholders, and a sensible application of corporate governance instruments. Cooperate governance at Siegfried is based on the statutes of Siegfried Holding AG, the rules of procedure of the Siegfried Group, and the structure of the Group and the two Divisions, Siegfried Actives and Siegfried Generics. This report describes the principles of management and control of the Siegfried Group. Corporate governance of the Siegfried Group substantially follows the “Swiss Code of Best Practice” of March 2002. In accordance with the Transparency law (Transparenzgesetz Art. 663b and Art. 663c) the remunerations, stock ownership by the members of the Board of Directors and executive management are now disclosed in the notes of the statutory financial statements of Siegfried Holding AG. Corporate governance of the Siegfried Group is regularly reviewed and adjusted by the Board of Directors. Corporate Governance 13
Page 1 and 2: Siegfried Annual Report 2009
Page 4 and 5: Key numbers Siegfried Group 2009 20
Page 6 and 7: Letter from the Chairman & CEO Dear
Page 8 and 9: preconditioning the physical charac
Page 10 and 11: eaching 25% by the end of 2009. Pro
Page 12 and 13: election. Bernard Siegfried first j
Page 15: Roland Schuermann Head Chemical Ope
Page 19 and 20: Participation structure of Siegfrie
Page 21 and 22: 2. Capital structure 2.1 Capital Th
Page 23 and 24: Name Birthyear Position Entry Elect
Page 25 and 26: Bernard A. Siegfried, Ph.D., Honora
Page 27 and 28: Malcolm Perkins Malcolm Perkins (19
Page 29: 3.6 Executive management informatio
Page 32 and 33: Group Management From left to right
Page 34 and 35: 4.2 Portraits Dr. Rudolf Hanko, CEO
Page 36 and 37: Marianne Späne, President Siegfrie
Page 38 and 39: 4.3 Management Contracts Siegfried
Page 40 and 41: Shareholders with at least 250,000
Page 43 and 44: Dr. Tanja Westphal Manager Pharmace
Page 45 and 46: IntroductionSituation ‘Sustainabi
Page 47: 2009 Audits Site Inspections (Custo
Page 50 and 51: Compliance Introduction Siegfried i
Page 52 and 53: Our goal is to cultivate a quality
Page 54 and 55: External audits During 2009, nation
Page 56 and 57: the Siegfried teams pedaled the dis
Page 58 and 59: Energy consumption 2009 2008 2007 2
Page 60 and 61: Water consumption Water consumption
Page 62 and 63: Reclaimed solvents 2009 2008 2007 2
Page 64 and 65: Fines and non-monetary penalties Si
Page 66 and 67:
Total workforce by region as of Dec
Page 69 and 70:
Ken Zrebiec Director of Operations
Page 71 and 72:
elated to the Deliver project. In a
Page 73 and 74:
Consolidated income statement In 10
Page 75 and 76:
Consolidated statement of changes i
Page 77 and 78:
Reclassification of Balance sheet J
Page 79 and 80:
exchange rates prevailing on the tr
Page 81 and 82:
of discounted future cash flows. Va
Page 83 and 84:
production overheads related to the
Page 85 and 86:
Financial risk management Financial
Page 87 and 88:
to 20.5% (2008: 17.7%) and 13.4% (2
Page 89 and 90:
ealized, the obligation to eliminat
Page 91 and 92:
2. Property, plant and equipment La
Page 93 and 94:
4. Investments in associated compan
Page 95 and 96:
6. Financial and other non-current
Page 97 and 98:
8. Inventories In 1 000 CHF 2009 20
Page 99 and 100:
13. Treasury shares Treasury shares
Page 101 and 102:
19. Employee benefits and personnel
Page 103 and 104:
The following table shows how the a
Page 105 and 106:
CHF 1.2 million) were purchased fro
Page 107 and 108:
In addition to sales of products ne
Page 109:
Five-year overview 2005 - 2009, con
Page 112 and 113:
Financial Statements Siegfried Hold
Page 114 and 115:
Transparency Law Art. 663b and Art.
Page 116 and 117:
Siegfried Group, in which the risks
Page 118 and 119:
Stock market data 2009 2008 2007 20
Page 120:
Publisher’s note This annual repo
show all

Siegfried Annual Report 2009

Create successful ePaper yourself

Delete template?

Save as template?