Committees

Audit Committee

The Audit Committee supports the Board of Directors in supervising the work of the auditors by liaising directly with both external and internal auditors. In carrying out its duties, the Audit Committee has unrestricted access to the management of all group companies and to their business records and documents. The Audit Committee adheres to the rules of Best Practice that are followed by large Swiss companies. It reports regularly to the Board of Directors about the results of its audits and proposes appropriate measures when necessary. The Audit Committee held four meetings in 2012.

Roger Baillod (Chairman)
Dominique Biedermann, Paola Ghillani, Hans A. Wüthrich

Finance Committee

The Finance Committee reviews large investment projects and proposals for the acquisition and sale of businesses or business units of the Federation of Migros Cooperatives and its subsidiaries, basing its deliberations on financial planning and the particular terms of reference, as well as their strategic conformity, and ensures that the relevant financial resources are properly deployed. In 2012 the Finance Committee met twice.

Ursula Schoepfer (Chairwoman)
Lorenzo Emma, Thomas Rudolph, Marc Schaefer, Heinz Winzeler
in italics: internal (executive) members

«Human Resources and Remuneration» Committee

The «Human Resources and Remuneration» Committee has a nomination and compensation function. It is responsible for ensuring that persons appointed to the Executive Board are the best available by assessing the selection of candidates and making recommendations to the Board of Directors for their decision. This committee also supports the Board of Directors in selecting the board members of FMC subsidiaries and members of the Foundation Councils of the Migros Community, and in fixing the appropriate remuneration of these organs, the Executive Board and the Board of Directors. Where there is a conflict of interest, the members concerned do not participate. Four meetings were held in 2012.

An ad-hoc committee («evaluation panel») was appointed for the first time for the election year 2012, comprising three members each from the «Human Resources and Remuneration» Committee and the Office of the Assembly of Delegates. This committee was responsible for making preparations for the elections.

Andrea Broggini (Chairman)
Doris Aebi, Jean-René Germanier

Retail Committee

The Retail Committee deals with all matters that are relevant to the retail business under the Migros brand – the «orange M», especially merchandising and retail strategies, and makes the relevant applications to the Board of Directors. The Committee formulates binding procedural plans, priorities and activities for the implementation of the budget. It is also responsible for supervising and controlling budgets, and introduces appropriate measures when variations occur. The 17 members met seven times in 2012.

Herbert Bolliger (Chairman)
Max Alter, Christian Biland, Lorenzo Emma, Jürg Blunschi, Werner Krättli, Marc Schaefer, Guy Vibourel, Felix Meyer, Beat Zahnd, Marcelle Junod, six members of the Executive Board
in italics: internal (executive) members