GROUP STRUCTURE

The Aduno Group is committed to clear and transparent information processes and the protection of the interests of its shareholders and investors.

Introduction

This chapter describes the principles of management and control at the highest corporate level of the Aduno Group under the directive on information relating to corporate governance (Directive Corporate Governance, DCG) of SIX Swiss Exchange. Where no information is provided on a specific section of the SIX directive, this issue is not relevant for or does not apply to the Aduno Group.

Group structure

As the holding company, Aduno Holding AG, with its registered office in Zurich, directly or indirectly owns all companies that belong to the Aduno Group. The scope of consolidation includes non-listed companies only. The Group structure with the business segments and legal entities is described on the right. All the companies included in the scope of consolidation are listed in the financial report.

The Aduno Group’s operating management structure is outlined in the organisational chart on the right.

Major shareholders

The following shareholders held more than three per cent of the company as at 31 December 2019.

 

 

 

Shareholder

Number of shares

Shareholding

Raiffeisen Group

6,382

25.5%

Zürcher Kantonalbank

3,679

14.7%

Entris Banking AG

3,500

14.0%

Migros Bank AG

1,750

7.0%

Banque Cantonale Vaudoise

1,201

4.8%

Berner Kantonalbank

918

3.7%

EFG Bank AG

893

3.6%

Basellandschaftliche Kantonalbank

771

3.1%

There is a shareholders’ agreement binding on all shareholders. The contracting parties include all Swiss cantonal banks, Bank Cler AG, Raiffeisen Switzerland Cooperative, Entris Banking AG, EFG Bank AG and Migros Bank AG. The agreement was last renewed in 2010 for another ten years.

Group structure

Operating management structure

* Expanded Executive Board