4.12 Reporting and controlling instruments of the Board of Directors with relation to the Group Executive Committee

The Board of Directors receives comprehensive briefings so it can fulfil its tasks and responsibilities. The Chair and the Group CEO meet to discuss overarching issues concerning Swisscom Ltd and its Group companies at least once a month. The Chair also meets in person with each member of the Group Executive Committee at least once a year for an in-depth discussion.

At each ordinary meeting of the Board of Directors, the Group CEO provides detailed information on the course of business, major projects and events, and any measures adopted. The Board of Directors receives a monthly written report that includes all key performance indicators relating to the Group and the segments, and a quarterly report on the course of business, financial position, results of operations and risk position of the Group and the segments, as well as projections for operational and financial developments for the ongoing financial year. Management reporting is governed by the same policies as external financial reporting and also includes key non-financial information required for controlling and steering purposes. Every member of the Board of Directors is entitled to request information on matters relating to the Group at any time unless such information represents a breach of confidentiality or conflict of interest. The Group CEO informs the Board of Directors immediately of any exceptional events.

The Board of Directors is responsible for establishing and monitoring Group-wide assurance functions, including risk management, the internal control system, compliance and internal audits (Group Internal Audit).