20. Related parties transactions
As of December 31, 2017, the Group’s related parties include key management (Board of Directors and Executive Committee) and members of their immediate families. The following transactions were carried out with related party:
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|
• |
Key management remuneration |
The Board of Directors is composed of 8 members, whereas the Executive Committee is composed of 6 members. The following table sets forth the total remuneration recorded for members of the Board of Directors and Executive Committee:
|
|
|
Year ended December 31, |
|
|||||
|
in USD ‘000 |
|
2017 |
|
|
2016 |
|
||
|
Short-term employee benefits (including base and variable cash remuneration) |
|
|
3,403 |
|
|
|
1,890 |
|
|
Post-employment benefits |
|
|
135 |
|
|
|
(18 |
) |
|
Share-based payments |
|
|
6,451 |
|
|
|
1,614 |
|
|
Total |
|
|
9,989 |
|
|
|
3,486 |
|
|
|
• |
Other transactions with related parties |
There were no other significant transactions with related parties during the years presented.