Guidelines and principles have been adopted for control and risk management. The risk management process and internal control system allow us to identify and assess potential risks and to develop the appropriate measures.
The Compliance function is responsible for ensuring that the activities of Groupe Mutuel comply with applicable legislation. It is also responsible for the internal and external regulations of Groupe Mutuel. It has unrestricted access to information and the necessary independence to carry out its mandate.
The internal control and risk management functions are responsible for integrated risk and control management, including the independent assessment of risks and control and the coordination of the internal control system.
The Internal audit supports the Board in its oversight function. It regularly informs the Board of its findings and suggests improvements. As a standalone entity, it provides the Board and Executive Board each year with an activity report.
The remuneration of the Board of Groupe Mutuel is governed by regulations adopted by the governing bodies of the Holding companies. It consists of a fixed fee and the reimbursement of representation and travel expenses. No variable portion is allocated. These regulations, which apply to all companies of the Holding, limit the annual remuneration per entity to CHF 25,000 for the President and CHF 24,000 for other Board members. Furthermore, there is a ceiling on the total annual remuneration of the members of the Board, regardless of the number of board positions they hold in Groupe Mutuel Holding companies. The ceiling is CHF 250,000 for the President, CHF 120,000 for the Vice-President and for the Chairman of the Audit and Risk Committee, CHF 110,000 for the Chairmen of the other specialist committees and CHF 100,000 for the other directors.
The Board of Groupe Mutuel Holding SA sets the remuneration of the Executive Board on the recommendation of the Remuneration and Appointments Committee. The principles behind the remuneration of the Executive Board members are laid down in regulations issued by the Board. This remuneration consists of a fixed salary and a variable allowance based on the previous year's results. The variable portion paid depends on the achievement of performance objectives in the following categories:
Objectives are set for one year and no deferred remuneration is paid. Any fees relating to professional mandates on behalf of Groupe Mutuel within other companies are repaid in full to the company. In 2022, total cash payments (fixed and variable) to members of the Executive Board amounted to CHF 3,584,076. Employer pension contributions came to a total of CHF 399,750. The CEO received the highest remuneration, with cash payments of CHF 698,388 and employer pension contributions of CHF 84,960.
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