Focus on joint objectives
Holcim systematically measures performance. Compensation systems are designed to motivate management to perform at an above-average level and at consistently high standards. A standardized variable compensation system is in place for the most senior executives. Salaries are calculated not only on the basis of financial objectives but also in light of individual goals (see the Remuneration Report). A significant proportion of variable compensation is currently paid in the form of Holcim shares locked in for a period of three to five years. This system strengthens the shared focus on a long-term increase in the Group’s performance and value.
The internal control system (ICS) for presenting financial statements, conforming with the requirements of Art. 728a of the Swiss Code of Obligations and Swiss Auditing Standard 890, has proved to be sound. It increasingly covers the additional areas of business ethics and integrity.