Report of the Statutory Auditor
Report of the Statutory Auditor on the Remuneration Report to the General Meeting of Shareholders of Swisscom Ltd, Ittigen (Berne)
Report of the Statutory Auditor on the remuneration
We have audited the accompanying Remuneration Report dated 31 December 2015 of Swisscom Ltd for the year ended 31 December 2014. The audit was limited to the information according to articles 14–16 of the Ordinance against Excessive compensation in Stock Exchange Listed Companies contained in the sections 3.3, 4.3 and 5.1 to 5.3 on pages 122 to 134 of the Remuneration Report.
Responsibility of the Board of Directors
The Board of Directors is responsible for the preparation and overall fair presentation of the Remuneration Report in accordance with Swiss law and the Ordinance against Excessive compensation in Stock Exchange Listed Companies (Ordinance). The Board of Directors is also responsible for designing the remuneration system and defining individual remuneration packages.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.