The Compensation Report outlines the compensation principles and programs, along with the governance framework related to the compensation of the Board of Directors and the Group Management. It provides a detailed overview of the compensation awarded to the Members of the Board of Directors and Group Management for the reporting year. Additionally, the report describes how business performance influenced the variable incentive payments awarded to Group Management under the different compensation plans. Overall, Sika maintained its profitable growth trajectory in 2024 even in a challenging economic environment.
The Compensation Report is written in accordance with the Swiss Code of Obligations, the standard relating to information on Corporate Governance of the SIX Swiss Exchange, and the principles of the Swiss Code of Best Practice for Corporate Governance by economiesuisse. It has the following structure:
"Looking ahead, we will continue to assess and review our compensation programs to ensure that they are still fulfilling their purpose in the evolving context in which the company operates and are aligned with the interests of our shareholders. We will also continue to maintain an open dialogue with our shareholders and their representatives. We would like to thank you for sharing your perspectives on executive compensation with us, and trust that you will find this report informative." Justin M. Howell, Chair of the Nomination and Compensation Committee