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Operational group structure
The Bucher Industries Group was organised into five divisions operating in five business segments: specialised agricultural machinery (Kuhn Group), municipal vehicles (Bucher Municipal), wine and fruit juice production equipment (Bucher Process), hydraulic components (Bucher Hydraulics) and manufacturing equipment for the glass container industry (Emhart Glass). At the beginning of 2010, the Group introduced a change in the Group's management structure. The operations of the Bucher Process division, comprising winemaking equipment (Bucher Vaslin), fruit juice processing equipment (Bucher Foodtech), drying systems for the food industry and sludge dewatering systems (Bucher Drytech), have been grouped together with the Swiss distributorship for tractors and agricultural machinery (Bucher Land-technik), which was previously part of the Bucher Municipal division, as independent businesses within the new Bucher Specials segment. The Group made this move to give more weight to these independent operations and sharpen their focus on the specific needs of the different customer segments. The Bucher Process division was dissolved.

At group level, a corporate centre provides finance and controlling, group development, legal and communications functions to support the Group and its companies in their activities. The Group's operational structure as of 1 January 2010 is shown in the chart on page 10 and a detailed segment information is presented in the notes to the consolidated financial statements on pages 87 to 89 of this annual report.

Group companies and consolidation
Bucher Industries AG incorporated in Niederweningen, Switzerland, is the Group's holding company. Its registered shares are listed on the main board of the SIX Swiss Exchange and also traded on the over-the-counter markets of the Frankfurt, Stuttgart, Berlin and XETRA exchanges. Details are given in the investor relations section on page 33 of this annual report. The consolidation includes all group companies owned directly or indirectly by the holding company, as shown on pages 122 to 124 of this annual report. None of these companies is listed on a stock exchange.



Shareholders
The registered shares are widely held by public shareholders. A group of shareholders organised under a shareholders' agreement and represented by Rudolf Hauser, Zurich, holds a total of 34.14% of the voting rights, as published in the Swiss Official Gazette of Commerce (SHAB) on 10 May 2005. The essence of the shareholders' agreement has not been published. Bucher Beteiligungs-Stiftung held a total of 5.35% of the issued share capital, the voting rights attached to such shares being suspended in accordance with article 659a par. 1 of the Swiss Code of Obligations. The board of Bucher Industries AG is not aware of any other shareholders, or groups of shareholders subject to voting agreements, who hold more than 3% of the total voting rights.

There are no cross-shareholdings between Bucher Industries AG and other companies.

Links
Below you find the entire corperate goverance report
2009
as a PDF-Download:

Corporate governance 2009 (261 KB)

Remuneration report 2009
(265 KB)