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ARTICLE · 20 OCTOBER 2023

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Swiss Director Obligations: Why It Is Important To Get It Right

Swiss Companies have an unrivalled reputation. It is important to understand the obligations of being a director of a Swiss company.

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The Reputation of Swiss Companies

Swiss Companies have an unrivalled reputation. It is important to understand the obligations of being a director of a Swiss company. It is these duties on which the foundation of the integrity of Swiss companies is based.

Amidst the global landscape of corporate governance, Swiss companies adhere to a standard model where the Board of Directors plays a central role. However, specific Swiss legislation dictates that a company must be represented by at least one individual domiciled in Switzerland, authorised to sign on its behalf.

Alternatively, this requirement can be fulfilled by two Swiss residents with joint signatory powers. While companies themselves cannot be appointed as directors in Switzerland, understanding the precise duties and liabilities of these appointed individuals remains critical.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.