Cicor Technologies Ltd. is committed to meeting the high standards of Corporate Governance that seek to balance entrepreneurship, control and transparency whilst ensuring efficient decision-making processes. This report explains how the management and control of the Company are organized and provides background information on the Group’s executive officers and bodies, effective 31 December 2018. The report complies with the SIX Swiss Exchange Directive on Information relating to Corporate Governance. In addition, the report considers Cicor Technologies Ltd.’s Articles of Incorporation as well as the Company’s organization regulation. In the following Corporate Governance Report, the terms “Cicor” and “Company” shall be used alternatively to “ Cicor Technologies Ltd.” and the term “Group” for the company and its subsidiaries.
1.1 GROUP STRUCTURE
Cicor Technologies Ltd. is registered in Boudry, Switzerland, and is operationally organized into the AMS and ES Divisions. Cicor Technologies Ltd. is the parent company and is listed on the SIX Swiss Exchange.
1.2 PRINCIPAL SHAREHOLDERS
The following shareholdings correspond to the ones reported according to the regulations of the Swiss Stock Exchange (SIX Swiss Exchange) and updated as in the shares register per year-end: