Sunrise claims top spot in Swiss corporate governance study

Thursday 12 September 2019 | 11:47 CET | News

Swiss operator Sunrise has ranked first in the zRating study on corporate governance carried out by Inrate with 86 points, followed by Swisscom with 81 points and Lonza Group with 78 points. 

Sunrise said it scored 22 points in the category 'shareholders and capital structure', 23 points in the category 'participation rights', 25 points in 'composition of AB/MB and information policies' and 16 points in the category 'AB/MB remuneration and participation models'. The companies listed in the report could receive a maximum of 100 points for each category. 

The factors that contributed to the positive result of Sunrise were in particular an improved balance between expenses for audit and non-audit tasks, transparency in corporate governance, including the number of meetings of the administrative board, the duration of these meetings, and further increased compensation, internal and external critical evaluation of the board of directors performance, environmental, social, and governance criteria in the remuneration system and defined rules for the minimum number of shares held by the administrative board.  

Inrate analysed 174 listed Swiss companies based on their 2018 business reports and 2019 annual general meetings.

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Categories: General
Companies: Sunrise / Swisscom
Countries: Switzerland
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