Modernising Swiss Company Law
What are the new requirements?
At its meeting on 23 November 2016, the Federal Council adopted a dispatch for Parliament to modernise Swiss company law and introduced a draft act amending the Code of Obligations*.
The proposal seeks to change the current legislation, by making the regulations on company formations and capital more flexible, strengthening shareholder rights, and introducing some rules on executive remuneration. The Federal Council also wants to make disclosures on financial flows within the commodities sector more transparent. Finally, there are new guidelines on gender representation at senior executive level in major listed companies, which aim at promoting gender equality.
The Federal Council had already decided and published the key elements of the revisions to company law back in 2015**. With this dispatch it now proposes that Parliament should implement these changes.
Download our brochure to know more about the most important aspects of the proposals and the next steps.
Reflections on the first year of implementation