Fair compensation

The LLB Group offers attractive employment conditions. It spent CHF 141 million (2015: CHF 124 million) on salaries and social contributions in 2016 (see Notes to the consolidated income statement). We have a modern compensation system that is considered exemplary in the banking sector (see chapter “Compensation report”). We place emphasis on fair compensation that explicitly rewards skills and performance. Women and men in the same position and at the same performance level are in the same pay scale and wage model. This is valid for all our business locations.

We are aware that the ratio of female to male salaries in our company is of importance to our stakeholder groups and our business success. It is nevertheless omitted from this report, on the one hand, for confidentiality reasons and, on the other, because functions are not strictly comparable and certain aspects of the compensation system are not included.