IE 11 is a very old Browser and it`s not supported on this site

8. Administrative expenses

Administrative expenses comprise the following:

in CHF 1 000

 

2021

 

2020

Investment manager

 

 

 

 

– Management fees (incl. VAT)

 

50 681

 

39 811

Personnel

 

 

 

 

– Board of Directors remuneration

 

1 288

 

1 223

– Wages and salaries

 

525

 

593

– Social insurance contributions and duties

 

101

 

128

 

 

52 595

 

41 755

The remuneration model of BB Biotech AG is determined by the Board of Directors. 

Since 2014, the remuneration paid to the investment manager is based upon a 1.1% p.a. all-in fee on the average market capitalization without any additional fixed or performance-based elements of compensation, which is paid on a monthly basis. The compensation of the Board of Directors consists since 2014 of a fixed compensation.

BB Biotech AG uses cookies to improve website usability and ensure the best possible user experience. Use of cookies & disclaimer