About the Swiss Centre for Corporate Governance
Dialogue, collaboration and thought leadership
The mission of Deloitte’s Swiss Centre for Corporate Governance is to orchestrate dialogue, knowledge-sharing, and thought leadership on governance issues to help advance collaboration among corporations, board members, the accounting profession, academia and government. It provides global and local thought leadership on governance issues and Deloitte experience relevant to the Swiss market place.
Corporate governance – a key ingredient for success
Professionally managed and ambitious companies form the backbone of a successful and innovative economy. Good management geared towards the interests of shareholders is crucial. The term corporate governance refers to guidelines and measures that are conducive to the successful management of a company. The relevance of adequate governance is further underlined by the fact that many companies are now publicly accountable for their management structures, diversity practice and appropriate remuneration systems.
Corporate governance and the Swiss market place
Compared with other jurisdictions, Switzerland has very few statutory corporate governance requirements. Those worth mentioning include the Code of Obligations, the Swiss Ordinance against Excessive Remuneration in Listed Companies, which was brought into force by the Federal Council following the adoption of the initiative against fat-cat payouts (Minder initiative), and the Swiss Code of Best Practice for Corporate Governance. The latter regulatory instrument has established itself as a set of recommendations.
The Swiss Code of Best Practice for Corporate Governance was first published by Economiesuisse in 2002 and offers comprehensive recommendations on corporate governance, particularly for larger and listed companies. There is also a set of guidelines regarding information on corporate governance, first published by the Swiss Stock Exchange over ten years ago. It contains requirements for the regular publication of information on corporate governance, last updated in 2014.
Although Switzerland is not a member of the EU, Swiss companies are nevertheless affected by international regulatory efforts. These will inevitably have an impact on Swiss companies in the long run, which is why it is recommended to already now base corporate governance on international standards.
Keeping an eye on the future – the Deloitte perspective
Here at Deloitte we believe that professional corporate governance in accordance with Swiss requirements and international corporate governance trends is vitally important. With this in mind, we address various aspects of corporate governance on a regular basis through regular corporate governance related research and thought leadership.
The focus of our research and thought pieces lies on issues of relevance to executives and non-executives serving on boards of directors and other leaders in the Swiss governance arena. Topics are as diverse as innovation, incentives and rewards, risk and strategic oversight by the board, and the different approaches to board leadership globally and in Switzerland.
Our most recent Swiss thought piece, Audit Committees in Switzerland – Insights and perspectives, was dedicated to audit committees. This non-executive body is becoming increasingly important in the context of board responsibility and has a growing public profile. To receive a copy of the report and discuss the results with us, please register through our webpage. You will also find a recent Handelszeitung article that provides an overview of the study’s key findings in German.
Recent publications include:
- Swiss Banking models of the future
- On the Board's agenda - July 2016 issue
- Assessing cyber risk - Critical questions for the board and the C-suite
- Information technology risks in financial services - What board members need to know, and do
- A crisis of confidence – Board survey finds gaps between awareness of crisis threats and preparation to handle them
- Audit Committees in Switzerland – Insights and perspectives
- Blockchain - Enigma Paradox Opportunity
- Directors' Alert 2016 - Ingredients for success: Striking the right balance
How Deloitte can help
We provide a range of services to help you address governance issues and to improve board and committee :
- Design of management structures and roles
- Benchmarking of existing corporate governance to best practice
- Introduction of appropriate and reasonable remuneration systems
- On-boarding directors of the board and executives