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Long-term profitability comes before short-term profit seeking


Zug Estates Holding AG is committed to the principles of good corporate governance. This is shown by its efficient management structure, extensive control mechanisms and tranparent information policy.


Board of Directors

The board of directors of Zug Estates Holding AG comprises Dr. Beat Schwab (chairman), Prof. Annelies Häcki Buhofer, Johannes Stöckli, Martin Wipfli and Joëlle Zimmerli. The members of the board of directors are elected for a term of one year, i.e. until the next ordinary general meeting of Zug Estates Holding AG.

Decisions are made by the entire board of directors with the assistance of the following two committees:

- Nomination and compensation committee: Johannes Stöckli (chairman) and Annelies Häcki Buhofer
- Audit committee: Martin Wipfli (chairman), Johannes Stöckli and Joëlle Zimmerli

Group Management

The management team of Zug Estates Holding AG comprises Patrik Stillhart (Chief Executive Officer) and Mirko Käppeli (Chief Financial Officer).


Ernst & Young AG, Zug

Independent proxy

Blum & Partner AG, Zug

Code of Conduct

The Zug Estates Group attaches highest priority to compliance with its code of conduct. Each employee has a personal responsibility to conduct him- or herself with credibility and integrity. In particular, the code of conduct prescribes:

All employees shall comply with the laws, regulations and internal rules in force.

Each employee shall form his or her own judgment, act on the basis of his or her own assessment and disregard the influence of outside interests.

Employees shall resist all forms of bribery and corruption and avoid activities that could give rise to suspicions of bribery or corruption. The Zug Estates Group does not tolerate any form of bribery, in particular the taking or offering of unlawful financial or other advantages. The acceptance of gifts is permitted, provided that their value does not exceed that of a normal gratuity or a total value of CHF 400 per year per gifting party. Acceptance of gratuities in excess of this value must be authorized by the responsible member of the board of directors.

Employees shall treat each other and third parties with respect, fairness and consideration.

The Zug Estates Group supports adherence to and enforcement of laws and regulations to protect employees, minors and the needy. Discrimination, abuse and exploitation in any form shall not be tolerated.

Employees shall respect and protect the material and intellectual property of the Zug Estates Group. They shall also respect and protect the property rights of third parties.

Employees shall not disclose any confidential information or business secrets. In this respect they shall protect the legitimate interests of the Zug Estates Group and third parties. They shall not use confidential information for unlawful purposes; in particular they shall not take advantage of insider information or make such information available to third parties.

Employees shall avoid situations that may give rise to real, potential or apparent conflicts between their interests and those of the Zug Estates Group. Conflicts of interest must be disclosed as soon as possible to the responsible superior or to the responsible decision-maker in the Zug Estates Group so that an appropriate solution can be found. Decisions regarding conflicts of interest have to be accepted and implemented.

In the course of their work, employees shall strive to protect natural resources and to ensure that the potential negative impact of internal operations on the environment is reduced as far as possible through saving resources and energy, avoiding and reducing waste and hazardous materials, and recycling. Employees shall take ecological and social as well as economic criteria into consideration when procuring suppliers, materials and external services.

This code of conduct applies to all the members of the boards of directors and management boards and to the employees of all Group companies. The management boards of the subsidiaries shall ensure that all employees familiarize themselves with this code of conduct.


6 April 2023 | General meeting of shareholders of Zug Estates Holding AG approves all proposals by the board of directors

The 11th ordinary general meeting of shareholders of Zug Estates Holding AG was held today at the Theater Casino Zug and attended by 209 shareholders, representing a total of 76.4% of share capital with voting rights. The shareholders approved all proposals by the board of directors.

The general meeting resolved that a total of CHF 20.9 million is to be paid out to shareholders for the 2022 financial year. The ordinary gross dividend (subject to withholding tax) amounts to CHF 4.10 per series A registered share and CHF 41.00 per series B registered share. After payment of the Swiss withholding tax of 35%, a net dividend of CHF 2.67 per series A registered share and CHF 26.65 per series B registered share remains. The net dividend will be paid out as of 14 April 2023 (payment date).

All members of the board of directors who were proposed for re-election were confirmed for a further one-year term of office. Armin Meier did not stand for re-election. Joëlle Zimmerli, owner and managing director of Zimraum GmbH, a social science planning office, was elected as a new member of the board.

Dr Beat Schwab was also confirmed as chairman of the board of directors. Johannes Stöckli was re-elected and Annelies Häcki Buhofer newly elected to the Nomination and Compensation Committee.
In a consultative vote, the general meeting of shareholders declared its agreement with the compensation report and approved the remuneration to the members of the board of directors and group management.

The general meeting also approved all amendments to the articles of association, namely the anchoring of sustainability in the articles of association, the use of electronic aids for communication with shareholders, the possibility to hold general meetings virtually, the additional amounts for new group management members, the reduction of the maximum permissible additional mandates of members of the board of directors, as well as various formal adjustments to the new law.

The 12th ordinary general meeting of shareholders of Zug Estates Holding AG will be held on 9 April 2024.


09 April 2024


Theater Casino Zug
CH-6300 Zug

Your contact

Philipp Hodel

Head of Corporate Communication

Zug Estates AG

Industriestrasse 12

CH-6300 Zug

Share register

The entry in the share register of Zug Estates Holding AG is the legal requirement for shareholders to be able to exercise their participatory rights at the annual general meeting.

Please contact your custodian bank to have your shares entered. You can contact our share register directly in case of name or address changes.

Devigus Engineering AG

Birkenstrasse 47, CH-6343 Rotkreuz

+41 41 798 48 48

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