124 / 144
Report of the Statutory Auditor
To the General Meeting of Autoneum Holding Ltd, Winterthur
Report on the Audit of the Remuneration Report
We have audited the accompanying remuneration report of Autoneum Holding Ltd for the year ended
December 31, 2016.
The audit was limited to the information according to articles 14 – 16 of the Ordinance against Excessive
compensation in Stock Exchange Listed Companies contained in the tables “Remuneration to the members of the
Board of Directors and Group Executive Board in 2016” and “Remuneration to the members of the Board of
Directors and Group Executive Board in 2015” on pages 118 to 119 of the remuneration report.
Responsibility of the Board of Directors
The Board of Directors is responsible for the preparation and overall fair presentation of the remuneration report
in accordance with Swiss law and the Ordinance against Excessive compensation in Stock Exchange Listed
Companies (Ordinance). The Board of Directors is also responsible for designing the remuneration system and
defining individual remuneration packages.
Auditor's Responsibility
Our responsibility is to express an opinion on the accompanying remuneration report. We conducted our audit in
accordance with Swiss Auditing Standards. Those standards require that we comply with ethical requirements
and plan and perform the audit to obtain reasonable assurance about whether the remuneration report complies
with Swiss law and articles 14 – 16 of the Ordinance.
An audit involves performing procedures to obtain audit evidence on the disclosures made in the remuneration
report with regard to compensation, loans and credits in accordance with articles 14 – 16 of the Ordinance. The
procedures selected depend on the auditor’s judgment, including the assessment of the risks of material
misstatements in the remuneration report, whether due to fraud or error. This audit also includes evaluating the
reasonableness of the methods applied to value components of remuneration, as well as assessing the overall
presentation of the remuneration report.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
opinion.
Opinion
In our opinion, the remuneration report for the year ended December 31, 2016, of Autoneum Holding Ltd complies
with Swiss law and articles 14 – 16 of the Ordinance.
KPMG AG
Kurt Stocker
Kathrin Schünke
Licensed Audit Expert
Auditor in Charge
Licensed Audit Expert
Zurich, March 1, 2017
120
Autoneum Financial Report 2016
Remuneration Report