8.6 Related parties
Related parties include associated companies, members of the Board of Directors and the Group Executive Committee, employee benefit plans (foundations) as well as companies controlled by significant shareholders. Transactions with related parties are generally conducted at arms’ length.
Total compensation of the Board of Directors and the Group Executive Committee consisted of:
CHF million | 2023 | 2024 |
|---|---|---|
Cash compensation | 4.9 | 4.6 |
Employee benefit contributions and social security | 1.0 | 0.9 |
Share-based compensation | 1.4 | 1.8 |
Total | 7.3 | 7.3 |
Refer to the remuneration report of Rieter Holding Ltd. in accordance with Swiss law.
An entity controlled by a foundation related to Rieter has provided Rieter Ltd. (Winterthur, Switzerland) with the leasing rights to the Campus. The conditions of this contract have been agreed at arm’s length. The respective right-of-use asset (see note 4.4) and lease liability (see note 5.3) have been disclosed separately. In total, the mentioned transaction with the related party amounts to CHF 4.1 million (2023: none) in rental payments annually. In 2024, outstanding receivables and payables were not material. Apart from purchases from associated companies (see note 6.3), compensation to the Board of Directors and the Group Executive Committee as well as the ordinary contributions to the various employee benefit plans (see note 7.2), no further transactions with related parties are relevant for disclosure.