Auditors

Duration of mandate and period of office of main auditor

The statutory and Group auditors are appointed by the Annual General Meeting for a one-year term.

On 30 April 2024, the Annual General Meeting appointed KPMG Ltd as the auditors of Alpiq Holding Ltd. and as statutory and Group auditors.

Auditors’ fees and additional fees

Performance and fees are reviewed annually. For the past financial year, statutory and Group auditor KPMG Ltd received fees of CHF 2.3 million for their services performed (previous year: CHF 2.2 million). Thereof CHF 2.2 million relate to audit services (CHF 2.2 million) and CHF 0.1 million to audit-related services (TCHF 37).

External audit information mechanisms

The external auditors report to the ARC at least once a year on the audits they have conducted and the resultant findings and recommendations. The ARC agrees audit plans with the external auditors in advance and assesses their work. The external auditors submit a comprehensive report to the full Board of Directors once a year. The ARC regularly invites the external auditors to attend its meetings.