Related party transactions

The LLB Group is controlled by the Principality of Liechtenstein, which holds 57.5 percent of the bearer shares of Liechtensteinische Landesbank AG, Vaduz. At the end of the year under report, the LLB held 7.7 percent of its own shares, unchanged from the previous year, Thornburg Investment Management Inc. held 4.3 percent and less than 0.1 percent were held by members of the Board of Directors and the Board of Management. The remaining bearer shares are owned by the general public.

The related parties of the LLB Group comprise the Principality of Liechtenstein, associated companies, the Board of Directors and the Board of Management, close family members and enterprises which are controlled by these individuals through their majority shareholding or their role as chairman and / or CEO in these companies, as well as their own pension funds.

Within the scope of its business activity, the LLB Group also conducts banking transactions with related parties. These transactions mainly involve loans, investments and services. The volumes of these transactions, the holdings and the corresponding income and expenditure are shown below.

See «Scope of consolidation» for a detailed list of the parent/subsidiary relationships of the LLB Group.

Compensation of key management personnel

(XLS:)

 

Salary fixed*

Salary variable

Contributions to benefit plans

Share-based compensation*

Entitlements

Total

in CHF thousands

2012

2011

2012

2011

2012

2011

2012

2011

2012

2011

2012

2011

*

Fixed compensation fee, meeting allowance (for meetings other than other board meetings).

**

The Board of Management comprises six members.

1

The Chairman receives a fixed compensation for his 60-percent workload. He does not receive a meeting allowance.

2

The contractual working relationship ended on 31 July 2012. Including compensation for 25 years long service anniversary in 2011 in accordance with company regulations.

3

Elfried Hasler up to 30 June 2011, Urs Müller from 1 April 2011, Christoph Reich from 16 January 2012, Heinz Knecht from 1 July 2012 and Gabriel Brenna from 1 October 2012.

Members of the Board of Directors

 

 

 

 

 

 

 

 

 

 

Hans-Werner Gassner, Chairman BoD

1 324

324

0

0

45

45

0

0

0

 

369

369

Markus Foser, Vice Chairman BoD

135

133

0

0

0

0

0

0

0

 

135

133

Markus Büchel, Member

72

75

0

0

0

0

0

0

0

 

72

75

Felix Ehrat, Member until 24 September 2012

40

44

0

0

0

0

0

0

0

 

40

44

Ingrid Hassler-Gerner, Member

77

91

0

0

0

0

0

0

0

 

77

91

Siegbert Lampert, Member until 6 May 2011

 

24

 

0

 

0

 

0

 

 

 

24

Roland Oehri, Member

75

81

0

0

0

0

0

0

0

 

75

81

Konrad Schnyder, Member until 24 September 2012

40

54

0

0

0

0

0

0

0

 

40

54

Total

763

826

0

0

45

45

0

0

0

 

808

871

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Salary fixed*

Salary variable

Contributions to benefit plans

Share-based compensation*

Entitlements

Total

in CHF thousands

2012

2011

2012

2011

2012

2011

2012

2011

2012

2011

2012

2011

Members of the Board of Management**

 

 

 

 

 

 

 

 

 

 

Roland Matt, CEO from 16 January 2012

663

 

47

 

102

 

67

 

80

 

959

 

Josef Fehr, CEO until 16 January 2012

2 426

803

0

0

70

118

0

0

0

 

496

921

Other members of the Board of Management

3 1'881

1'688

139

0

282

259

198

0

236

 

2'736

1'947

Total

2'970

2'491

186

0

454

377

265

0

316

 

4'191

2'868

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