Governance

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 as at 31.12.2023

Board of Directors

Composition of the Board of Directors as at 31 December 2023

 

Members of the Investment Committee as at 31 December 2023

 

Members of the Audit and Personnel Committee as at 31 December 2023

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

In the year under review,

• the Board of Directors met four times for ordinary meetings and once for a Workshop, during which it reviewed the adequacy of the liquidity profile and examined in greater depth the issue of a gradual migration to the "Cloud";
• the Investment Committee held four regular meetings and one extraordinary meeting. It focused in particular on analysing market trends and asset allocation;
• The Audit and Personnel Committee held four meetings. In addition to the usual subjects relating to audit, finance and personnel, it initiated a project on the development of the organisation.

Executive Committee

Composition of the Executive Committee as at 31 December 2023

 

Remuneration of the Board of Directors and the Executive Committee

In 2023, the total remuneration for the Board of Directors including other ancillary benefits, as determined by the Federal Council, amounted to CHF 350 300 (CHF 321 308 in 2022). The remuneration of the Executive Committee is governed by the compenswiss Personnel Ordinance. The total payroll of the Executive Committee including other variable components amounted to CHF 1 743 054 (CHF 1 641 030 in 2022). Of this amount, the Director received CHF 397 068 in total remuneration including other ancillary benefits (CHF 382 686 in 2022).

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

Controls

In 2023,

• Ernst Young SA was the statutory 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 for 2023 were announced at the annual press conference in February 2024, while the operating results for 2023 were communicated in April 2024. 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.

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