These are the best boards of directors | Switzerland company

to share

A security representing a share in the capital of a public company. It provides the owner with the membership rights (voting and electing rights at the general meeting) and property rights (the right to share in profits, participation in capital increases or as a result of liquidation).

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participation

Long-term equity interest in other companies where economic impact or similar goals are of primary importance. Shares are valued at cost at most.

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bonus

1. Remuneration for results for employees, especially at higher hierarchical levels (board, management). The project is an important element of corporate governance. 2. Extraordinary distribution of income by the company beyond the usual dividend, eg B. as a jubilee bonus. Also known as an additional dividend.

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CEO

The Anglo-Saxon abbreviation for Chief Executive Officer, Chief Financial Officer, Chief Investment Officer and Chief Operating Officer, which together form the Board.

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compatibility

Internal banking control body that monitors compliance with all laws, statutes, regulations and directives on behalf of the Board of Directors.

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corporate governance

Principles and principles of good and responsible corporate governance. Growing criticism of the quality of corporate governance has led business associations and stock exchanges to legislate on transparency, management and control. Since 2002, companies listed on SIX have to implement the Corporate Governance Directive. The revised guidelines entered into force in early 2007.

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EBIT

EBIT (Earnings Before Interest and Taxes): Earnings Before Interest and Taxes. Ebita: Ebit before goodwill amortization. EBITDA (profit before interest, taxes, depreciation and amortization): Operating profit before interest, taxes, depreciation and amortization. These three variants of the operating result show the operational earning capacity better than the published net profit. Without operational considerations, this can vary significantly depending on the accounting standard, the contribution of the profit or loss (the interest defined above) and the tax burden. Discontinued operations are usually eliminated from the operating result and recognized in the net result in the result of discontinued operations. On the other hand, extraordinary expenses for restructuring or value adjustments are taken into account if they are operational.

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Ebitda

EBIT (Earnings Before Interest and Taxes): Earnings Before Interest and Taxes. Ebita: Ebit before goodwill amortization. EBITDA (profit before interest, taxes, depreciation and amortization): Operating profit before interest, taxes, depreciation and amortization. These three variants of the operating result show the operational earning capacity better than the published net profit. Without operational considerations, this can vary significantly depending on the accounting standard, the contribution of the profit or loss (the interest defined above) and the tax burden. Discontinued operations are usually eliminated from the operating result and recognized in the net result in the result of discontinued operations. On the other hand, extraordinary expenses for restructuring or value adjustments are taken into account if they are operational.

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GM

The highest body of AG. In addition to the ordinary annual meeting of shareholders, extraordinary general meetings may also be convened.

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Monetary policy

The means by which central banks control money market interest rates (key interest rates) and thus the money supply of a country or currency area. Most central banks, including the Swiss National Bank, strive to maintain stable prices (see inflation, deflation) and enable the economy to develop (see quantitative easing).

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general assembly

The highest body of AG. In addition to the ordinary annual meeting of shareholders, extraordinary general meetings may also be convened.

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annual report

In addition to the balance sheet and profit and loss account, it contains information about the future economic development of the company, successes of individual industries, etc.

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Management

The highest level of operational management, usually consisting of the president (managing director, CEO, CEO), chief financial officer (CFO) and heads of divisions. Often, the Head of Human Resources is also part of the top management. Monitored by VR.

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inflation

Price rise or currency depreciation. The change is reported as the inflation rate. It often causes central banks to adopt a restrictive monetary policy (high key interest rates), which puts a burden on stocks and bonds. Opposite: disinflation, deflation.

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performance

1. Development of the price of a security. 2. Portfolio performance, usually expressed as a percentage, including distributions (reinvested). 3. Investment policy – managing an investment fund, investment company, hedge fund or pension fund in terms of the investment objective.

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rating

Classification of the debtor’s creditworthiness by specialized credit rating agencies using uniform criteria and procedures. An investor can read from the rating how high the risk of a default is.

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SIX

The Swiss market was established in 1995 from the merger of the stock exchanges in Geneva, Basel and Zurich. Since August 1996, all securities have been traded electronically. The system is characterized by full integration of stock exchange processes from stock exchange orders to settlement. Merger with SIS and Telekurs to form the SIX Group in early 2008.

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SMI

It is calculated on the basis of the free float of twenty of the most important Swiss listed companies. The SMI is not adjusted for dividends, so it is a price index.

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SMIM

It includes thirty mid-cap stocks, ten of the most significant of which are part of the SLI. Calculated as a price index and a performance index.

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Swiss Performance Index

It covers almost all companies listed in the SIX. The index is dividend-adjusted and is therefore a performance index.

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VR

Supervises and manages (through the definition of strategy) the management of the company for all shareholders. As a rule, the majority of AG board members must be Swiss nationals and resident in Switzerland under Swiss law. The board consists of executive (internal) and non-executive (external) members. As part of good corporate governance, it is becoming more and more established that a significant part of the management board may not have any business relationship with the company. The management board is elected by the general meeting.

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Board of Directors

Supervises and manages (through the definition of strategy) the management of the company for all shareholders. As a rule, the majority of AG board members must be Swiss nationals and resident in Switzerland under Swiss law. The board consists of executive (internal) and non-executive (external) members. As part of good corporate governance, it is becoming more and more established that a significant part of the management board may not have any business relationship with the company. The management board is elected by the general meeting.

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