Governance

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 scheme (LEC). The goals, values and organisation of the institution are described on its website https://compenswiss.ch/en/portrait.

The management bodies of the institution are:

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

Governance structure as at 31.12.2025

Board of Directors

Composition of the Board of Directors as at 31 December 2025

 

Members of the Investment Committee as at 31 December 2025

 

Members of the Audit and Personnel Committee as at 31 December 2025

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

In the year under review,

• the Board of Directors held one extraordinary meeting to discuss the reactions to the change of custodian bank. It met four times for ordinary meetings and once for a workshop at which it addressed the issues of differentiated allocations and compenswiss’s positioning in political processes;
• the Investment Committee held four ordinary meetings and one extraordinary meeting. In addition to routine matters such as analysing market trends and asset allocation, it examined the effects of the 13^th OASI pension on cash flow as well as the difficult financial situation of the InvI;
• the Audit and Personnel Committee held four ordinary meetings. In addition to the usual topics relating to audit, finance and personnel, it contributed to the development of a corporate strategy, devised a communication plan and continued its efforts to optimise and strengthen governance.

Executive Committee

Composition of the Executive Committee as at 31 December 2025

 

Remuneration of the Board of Directors and the Executive Committee

In 2025, the total remuneration for the Board of Directors including other ancillary benefits, as determined by the Federal Council, amounted to CHF 366 750 (CHF 369 750 in 2024). 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 1 882 750 (CHF 1 823 709 in 2024). Of this amount, the Director received CHF 413 020 in total remuneration including other ancillary benefits (CHF 409 246 in 2024).

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

Controls

In 2025,

• 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 2025, announced at the annual press conference in February 2026, and the operating results for 2025, published in May 2026, are available on the website www.compenswiss.ch, which is updated regularly. The website provides detailed information on the activities of compenswiss and allows all interested parties to stay informed.

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