Business Report

Compensation Report

At Sonova, delivering on our vision of improving lives through better hearing requires strong leadership, the right capabilities, and clear accountability. Our compensation framework is designed to support disciplined execution of the strategy by attracting, retaining, and developing qualified and committed talent, while aligning performance with long‑term value creation for all stakeholders.

This Compensation Report describes Sonovaʼs compensation principles and system, and the method of determining compensation for the Board of Directors (Board) and the Group Executives (GE)1. It covers the roles, responsibilities, and governance framework for designing, approving, and implementing compensation plans, and it explains how business performance drives variable compensation. Additional information on topics such as Board composition, independence, competence, evaluation, risk and compliance management, and sustainability, is available in the Corporate Governance Report and Sustainability Report.

This report is intended to provide the necessary context for shareholders to make informed decisions on the Boardʼs and Group Executivesʼ compensation at the 2026 Annual General Shareholdersʼ Meeting (AGM). It fully complies with the requirements of the Swiss Code of Obligations (OR), the SIX Swiss Exchange corporate governance disclosure standard, and the Swiss Code of Best Practice for corporate governance issued by economiesuisse, the Swiss business federation.

Contents:

  1. Letter from the Chair of the Nomination and Compensation Committee
  2. At a glance
  3. Compensation policy and principles
  4. Compensation governance
  5. Compensation framework
  6. Compensation for the financial year
  7. Share ownership information
  8. Outlook for the compensation framework 2026/27

1 Group Executives were previously classified as the Management Board (MB)