Compensation of the Board in 2017

In 2017, the total compensation for the Board members was CHF 4.5 million compared to CHF 4.2 million in 2016. The increase was due to the increase in size of the Board. See Exhibit 20.

At the 2016 AGM, the shareholders approved a maximum aggregate compensation amount of CHF 4.7 million for the Board for the term of office 2016–2017. The compensation paid for that period amounts to CHF 4.67 million as presented in Exhibit 3 above and Exhibit 21 and is therefore within the approved amount.

At the 2017 AGM, the shareholders approved a maximum aggregate compensation amount of CHF 4.4 million for the Board for the term of office 2017–2018. The compensation paid for that period amounts to CHF 4.34 million as presented in Exhibit 3 above and Exhibit 21 and is therefore within the approved amount.

Shareholdings of Board members

The members of the Board collectively owned less than 1 percent of ABB’s total shares outstanding at December 31, 2017.

Exhibit 22 shows the number of ABB shares held by each Board member at December 31, 2017 and 2016. Except as described in this Exhibit, no member of the Board and no person closely linked to a member of the Board held any shares of ABB or options in ABB shares.

In 2017, ABB did not pay any fees or compensation to the members of the Board for services rendered to ABB other than those disclosed in this report. Except as disclosed in the section “Business relationships between ABB and its Board members” of the Corporate governance report, ABB did not pay any additional fees or compensation in 2017 to persons closely linked to a member of the Board for services rendered to ABB.

Compensation of former Board members

In 2017, no payment was made to any former Board member.