Joint Ventures in Switzerland (II)- Control

In the article "joint ventures in Switzerland - Possible Structure" we described how a joint venture can be legally structured. In the following it shall be shown how the partners can exercise control on a joint venture (as a combination of a joint stock corporation and a shareholders' agreement):

1. The Shareholders' Meeting

a) The shareholders' meeting forms the supreme corporate body of a corporation. Anyone who wants to control the board of directors has to dominate the shareholders' meeting, since this body elects the members of the board of directors who are responsible to run the business of the company. The members of the board of directors can be removed by the shareholders' meeting at its discretion at any time (art. 705 CO).