Annual general meeting

Agenda and proposals of the board of directors

1.    Approval annual report 2011
Presentation of the annual report 2011 and the group as well as statutory auditor’s reports. The board of directors proposes the approval of the annual report 2011 including the consolidated financial statements and the statutory financial statements.

2.    Use and allocation of earnings
The board of directors proposes that from the CHF 517’068’783 in available earnings, CHF 146’850’000 will be distributed to shareholders and CHF 370’218’783 carried forward into the new period. The payment of the dividend of CHF 5.50 per share is scheduled for 10 May 2012. The shares will be traded ex dividend as of
7 May 2012.

3.    Management compensation report 
The board of directors has prepared a management compensation report for presentation to the shareholders, which discloses the compensation paid to the board of directors and the executive board during the financial year 2011. The board of directors proposes the approval of the management compensation report. The annual general meeting shall vote on whether this vote is carried out in aggregate or individually. 

4.    Discharge of the board of directors and the executive board
The board of directors proposes that discharge be granted to the members of the board of directors and the members of the executive board for their activities during the financial year 2011.

5.    Elections to the board of directors

5a.  Re-election of Urs Wietlisbach to the board of directors
The board of directors proposes that Urs Wietlisbach, from Wohlenschwil, in Wollerau, be re-elected to the board of directors for a further term of three years.

5b.  Re-election of Dr. Wolfgang Zürcher to the board of directors
The board of directors proposes that Dr. Wolfgang Zürcher, from Menzingen, in Zug, be re-elected to the board of directors for a further term of three years.

5c.  Re-election of Dr. Eric Strutz to the board of directors
The board of directors proposes that Dr. Eric Strutz, from Germany, in Frankfurt am Main, be re-elected to the board of directors for a further term of two years. 

6.    Election of the group and statutory auditors
The board of directors proposes that KPMG AG, Zurich, be re-elected in both functions for a further term of one year.

7.    Miscellaneous