Auditors

KPMG AG, Zurich has been company auditor since Aduno Holding AG was founded. The competent lead auditor has been carrying out this function since the 2014 financial year.

The fees of the Group auditor KPMG for services related to the audit of the annual financial statements of Aduno Holding AG and its subsidiaries and the consolidated financial statements of the Aduno Group amounted to CHF 1.0 million in the 2015 financial year. The Aduno Group also posted CHF 0.1 million for other advisory services provided by KPMG in the 2015 financial year. Of this CHF 0.05 million concerned tax consultancy and CHF 0.04 million was paid for various services.

The Audit Committee of the Board of Directors evaluates the performance, fees and independence of the external auditors and Group auditors every year and submits a proposal to the Board of Directors on which external auditors should be proposed for election to the Annual General Meeting. Every year, the Audit Committee also monitors the scope of the external audit, the audit plans and relevant procedures, and discusses the audit results with the external auditors.