Geberit AG Annual Report 2005

Home

Geberit Group

Deutsch

Contact

Legal

Corporate Governance
Auditors

Duration of the mandate and term of office of the lead auditor
PricewaterhouseCoopers AG, Zurich, have been the auditors of the Geberit Group and Geberit AG since 1997. The lead auditor, Daniel Ketterer, has been in charge of the auditing mandate since 2001.

Auditing fees
In 2005, PricewaterhouseCoopers invoiced the Geberit Group approx. TCHF 1,120 for services in connection with the audit of the financial statements of Group companies as well as the Consolidated Financial Statements of the Geberit Group.

Additional fees
For additional services PricewaterhouseCoopers invoiced approx. TCHF 90 regarding audit-related services, approx. TCHF 1,230 relating to tax consultancy as well as approx. TCHF 210 for other services. In addition to compensations for current tax consultancy services, the tax consultancy amount also included special expenses for consultancy fees relating to intra-group restructurings.

Supervisory and control instruments pertaining to the auditors
The Audit Committee of the Board of Directors makes an annual assessment of the performance, remuneration and independence of the auditors and submits a proposal to the general meeting for the appointment of the Group auditors. Every year, the Audit Committee determines the scope of the external and internal audit and its audit plans and discusses audit results with the external and internal auditors. For details on the Audit Committee see item 3.