The duties and responsibilities of the Board committees are defined in the Committee Charters of the Board of Directors of Sonova Holding AG. The committees regularly report to the Board of Directors on their activities and findings. Overall responsibility for matters delegated to the committees remains with the Board of Directors.

Audit Committee

Members: Adrian Widmer (Chair), Lynn Dorsey Bleil, and Ronald van der Vis.

Within its remit, the Audit Committee supports the Board of Directors in overseeing the effectiveness of the external and internal audit functions. It reviews the Group’s financial reporting, internal control systems, financial structure, and risk management framework, and reviews the interim and annual financial statements of the Group.

The Audit Committee also oversees the activities of the internal audit function and reviews the results of internal audits (see Committee Charters). The Committee meets at least four times per year, or more frequently if required.

Nomination and Compensation Committee

Members: Roland Diggelmann (Chair), Gregory Behar, and Julie Tay.

The Committee supports the Board of Directors in matters relating to the compensation of the members of the Board of Directors and the Group Executives. It reviews and proposes the compensation framework and compensation amounts for approval by the Board of Directors.

The Committee also identifies and proposes suitable candidates for election to the Board of Directors and, upon recommendation by the CEO, for appointment as a Group Executive member. Relevant proposals and recommendations are submitted to the Board of Directors for decision (see Committee Charters).

The Committee meets at least three times per year, or more frequently if required.

Technology and Innovation Committee

Members: Gilbert Achermann (Chair), Gregory Behar, Lynn Dorsey Bleil, and Laura Stoltenberg.

The Committee supports the Board of Directors in overseeing the company’s technology and innovation strategy, taking into account technological developments and evolving customer needs.

The Committee conducts an annual self-assessment and reviews the adequacy of its Charter on a yearly basis. It meets at least twice per financial year. Sonova’s CEO attends the meetings as a standing guest. External advisors or experts may be invited at the discretion of the Committee Chair.