What is supervisory board compensation in SAP PY-CH - Switzerland?

SAP Term: supervisory board compensation

• Component: PY-CH

• Component Name: Switzerland

• Description: Compensation that is paid to a person in their capacity as a member of the supervisory board for an independent activity, such as an attendance fee, royalties and so on.

Smart SAP Assistant

• Key Concepts: 
  Supervisory board compensation is a type of compensation that is paid to members of a supervisory board in Switzerland. This type of compensation is regulated by the Swiss Code of Obligations and is based on the size and complexity of the company. The amount of compensation is determined by the company's board of directors and must be approved by the shareholders. 
  
  How to use it: 
  In order to use supervisory board compensation, companies must first determine the size and complexity of their organization. This will help them determine the amount of compensation that should be paid to members of the supervisory board. Once this has been determined, the company's board of directors must approve the amount and submit it to the shareholders for approval. 
  
  Tips & Tricks: 
  When determining the amount of supervisory board compensation, it is important to consider factors such as the size and complexity of the company, as well as any additional responsibilities that members may have. Additionally, it is important to ensure that all shareholders are aware of and agree with the amount before it is approved. 
  
  Related Information: 
  The PY-CH Switzerland component in SAP provides companies with a comprehensive solution for managing supervisory board compensation. This component allows companies to easily track and manage all aspects of their supervisory board compensation, including calculating amounts, approving payments, and tracking payments. Additionally, this component provides companies with detailed reports on their supervisory board compensation, allowing them to better understand their financial obligations.