Organisation

compenswiss is an independent public law institution of the Confederation with its own legal personality. It is registered with the Commercial Register of the Canton of Geneva.

compenswiss is responsible for managing the assets of the Old-age and Survivors’ insurance (OASI), the Invalidity insurance (InvI) and the Loss of earnings compensation (LEC) schemes. The goals, values and organisation of the institution are described on its website https://compenswiss.ch/en/portrait

The organs of the institution are as follows:

• Board of Directors
• Executive Committee
• Auditors (external)

Governance structure up to 31.12.2022

Board of Directors

Composition of the Board of Directors as at 31 December 2022

Members of the Investment Committee as at 31 December 2022

Members of the Audit and Personnel Committee as at 31 December 2022

Further information on the affiliations of the compenswiss Board of Directors can be found at: www.admin.ch

In the year under review,

• the Board of Directors met four times for ordinary meetings, once for an extraordinary meeting and once to discuss strategic investment issues in greater depth.
• the Investment Committee held four regular meetings and one extraordinary meeting. The topic of the investment process was the focus of the discussions.
• the Audit and Personnel Committee met for four ordinary meetings and one extraordinary meeting.

Executive Committee

Composition of the Executive Committee as at 31 December 2022

 

Remuneration of the Board of Directors and the Executive Committee

In 2022, the total remuneration for the Board of Directors including other ancillary benefits, as determined by the Federal Council, amounted to CHF 321 308 (CHF 349 800 in 2021). The remuneration of the Executive Committee is governed by the compenswiss Personnel Ordinance. The total remuneration of the Executive Board including other ancillary benefits amounted to CHF 1 641 030 (CHF 1 607 931 in 2021), of which the Director received CHF 382 686 (CHF 375 300 in 2021) in total remuneration including other ancillary benefits.

For more details, see the Report on the remuneration of top-level executives of the Swiss federal enterprises and institutions.

Controls

In 2022,

• Ernst & Young SA was the statutory external auditor of compenswiss;
• the internal audit mandate was delegated to KPMG SA;
• the investment control mandate was also assigned to KPMG SA.

Communication

The investment results for compenswiss have been be announced at the annual press conference in February 2023, while the operating results have been communicated in April 2023. In addition, the regularly updated website www.compenswiss.ch provides accurate information on the activities of compenswiss and allows all interested parties to stay informed.

---