Annual Report 2012 - Swiss Life

52 Corporate Governance
COMPENSATION PAID TO ACTING MEMBERS OF GOVERNING BODIES
The following compensation in cash was received by acting members of the Board of Directors and
the Corporate Executive Board during the period under review:
In CHF
2012 2011
Board of Directors 2 073 750 2 091 334
Corporate Executive Board 9 560 241 1 9 792 978 2
1
Incl. cash bonus of CHF 3 616 400 for the 2012 financial year, determined and paid out at the beginning of 2013.
2
Incl. cash bonus of CHF 4 340 500 for the 2011 financial year, determined and paid out at the beginning of 2012.
Two members of the Board of Directors resigned in the 2011 financial year. After serving for eight
years on the Board of Directors of Swiss Life Holding, Paul Embrechts did not stand for re-election at
the General Meeting of Shareholders in 2011 and no longer serves on the Board of Directors.
Carsten Maschmeyer, who was elected to the Board of Directors of Swiss Life Holding at the 2009
General Meeting of Shareholders, resigned as a member of the Board of Directors on 7 December 2011.
There were no resignations from the Board of Directors in the period under review. On 19 April 2012
Wolf Becke was elected to the Board of Directors of Swiss Life Holding.
There were no personnel changes on the Corporate Executive Board during 2011 and 2012.
The members of the Board of Directors are granted exclusively fixed compensation. This is paid 70%
in cash and 30% in Swiss Life Holding shares; the shares are subject to a three-year blocking period.
The compensation takes into account membership of the Board of Directors of Swiss Life Holding
and its subsidiary Swiss Life Ltd, as well as membership of the individual Board Committees, and is
commensurate with the individual’s function and workload.
Swiss Life – Annual Report 2012