The Shareholders’ General Meeting elects and appoints the Group’s external auditors on an annual basis. In April 2016, Ernst & Young AG, Basel, was re-elected as auditor of Straumann Holding AG for a third term of one year. The auditor in charge is Daniel Zaugg, Swiss Certified Public Accountant, who took over the mandate in 2014.
The Board of Directors supervises the external auditors through the Audit Committee, which met five times in 2016. The external auditors participated in two of these meetings, to discuss the scope, the audit plan and the auditors’ conclusion of the financial report. Details of the instruments that assist the Board in obtaining information on the activities of the external auditors can be found on p. 151.
The worldwide fees paid to the auditors were as follows:
|(in CHF 1 000)||31 Dec 2016||31 Dec 2015|
|Total audit fees||815||828|
|Total non-audit fees||86||135|