220 Federal Act of 30 March 1911 on the Amendment of the Swiss Civil Code (Part Five: The Code of Obligations)

220 Bundesgesetz vom 30. März 1911 betreffend die Ergänzung des Schweizerischen Zivilgesetzbuches (Fünfter Teil: Obligationenrecht)

Art. 689c b. Independent voting representative in companies whose shares are listed on a stock exchange

1 In companies whose shares are listed on a stock exchange, the general meeting shall appoint the independent voting representative. Their term of office ends with at the end of the next ordinary general meeting. Reappointment is possible.

2 The general meeting may remove the independent voting representative at the end of the general meeting.

3 If the general meeting has not appointed an independent voting representative, the board of directors shall appoint one for the next general meeting. The articles of association may have different rules to solve this organisational deficiency.

4 The board of directors shall ensure that the shareholders are able in particular to:

1.
issue the independent voting representative with instructions on any motion relating to items on the agenda tabled in the notice convening the meeting;
2.
issue the independent voting representative with general instructions on unannounced motions relating to items on the agenda and on new items on the agenda in accordance with Article 704b.

5 The independent voting representative shall treat the instructions from individual shareholders as confidential until the general meeting. They may provide the company with general information on the instructions received. They shall not provide the information earlier than three working days before the general meeting and must declare to the general meeting what information they have provided to the company.

6 Authorisation for representation and instructions may only be issued for the forthcoming general meeting. They may also be issued electronically.

485 Inserted by No I of the FA of 4 Oct. 1991 (AS 1992 733; BBl 1983 II 745). Amended by No I of the FA of 19 June 2020 (Company Law), in force since 1 Jan. 2023 (AS 2020 4005; 2022 109; BBl 2017 399).

Art. 689 1. Grundsatz

1 Der Aktionär übt seine Rechte in den Angelegenheiten der Gesellschaft, wie Bestellung der Organe, Abnahme des Geschäftsberichtes und Beschlussfassung über die Gewinnverwendung, in der Generalversammlung aus.

2 …479

478 Fassung gemäss Ziff. I des BG vom 4. Okt. 1991, in Kraft seit 1. Juli 1992 (AS 1992 733; BBl 1983 II 745).

479 Aufgehoben durch Ziff. I des BG vom 19. Juni 2020 (Aktienrecht), mit Wirkung seit 1. Jan. 2023 (AS 2020 4005; 2022 109; BBl 2017 399).

 

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