1 General principles

In performing their activities, the Board of Directors and Group Executive Board of Swisscom are guided by the objective of sustainable business management. They incorporate the interests of Swisscom shareholders, cus­tomers, employees and other interest groups into their decisions and strive to achieve economic, social and en­vi­ron­mental objectives as part of a holistic approach. To this end, the Board of Directors practises effective, trans­parent corporate governance, which is characterised by clearly assigned responsibilities and based on recog­nised standards. In this endeavour, Swisscom is guided by the rec­om­men­da­tions of the 2023 Swiss Code of Best Practice for Corporate Governance issued by economie­suisse, the umbrella organisation rep­re­sent­ing Swiss business.

The dialogue between investors, proxy advisors and other stakeholder groups with the respective specialist divisions at Swisscom allows the Board of Directors to identify trends at an early stage and to adjust its corpo­rate governance to new re­quire­ments as and when necessary.

Swisscom’s principles and rules on corporate governance are set out primarily in the company’s Articles of In­cor­po­ra­tion and Organisational Rules. The Annual General Meeting held on 28 March 2023 revised the Articles of In­cor­po­ra­tion to bring them into line with the company law that entered into force on 1 January 2023. As a result of these changes, the Board of Directors made changes to a number of aspects of the Organisational Rules. The revised rules came into force on 1 April 2023. Of particular im­por­tance is the Code of Conduct approved by the Board of Directors. It contains an explicit declaration by Swisscom of its commitment to absolute integrity as well as compliance with the law and all other external and internal rules and regulations. Swisscom expects its employees to take responsibility for their actions, show consideration for people, society and the en­vi­ron­ment, comply with applicable rules, demonstrate integrity and report any violations of the Code of Conduct.

The latest versions of these documents as well as their earlier, unamended and superseded versions can be viewed online on the Swisscom website under ‘Basic principles’.