Other activities and vested interests
Dr. Thomas Schmuckli, Anton Lauber and Martin Kühn were proposed for election by the majority voting rights shareholder, Kolin Holding AG, Zug, and were elected to the board of directors of Bossard Holding AG. Dr. Thomas Schmuckli is a member of the Bossard family, which has 100 percent control over Kolin Holding AG. The members of the board of directors do not perform any activities outside of the Bossard Group other than the mandates listed and therefore do not have any
significant business relationships with Bossard
Holding AG or one of the subsidiaries. Furthermore,
they do not have any other significant external interests.
Elections and terms of office
According to the articles of association, the board of
directors consists of five to nine members. The
chairman of the board of directors and the other
members of the board of directors are elected by the
annual general meeting of shareholders for a period
of one year (until the next ordinary annual general
meeting of shareholders is held). Members are elected
on an individual basis. The annual general meeting
of shareholders also elects the chairman of the
board of directors. There are no statutory limits to
the term of office; members may be re-elected.
According
to the OBR, however, a member of the board
of directors shall offer to step down at the annual
general meeting of shareholders following her or his
70th birthday. Each category of shareholders, namely
the holders of registered A shares as a group are
entitled to one seat on the board of directors. In 2020,
David Dean was elected as the representative of the
holders of registered A shares; holders of registered B
shares with voting rights did not take part in this
election. As a rule, the majority of the board members
should be external members with no executive
functions in the company. None of the members of
the board of directors exercised any executive functions
in the Bossard Group in the reporting year
2020.