V. Representation
1. In general
1 The board of directors represents the company externally. Unless the articles of association or the organisational regulations stipulate otherwise, every member has authority to represent the company.
2 The board of directors may delegate the task of representation to one or more members (managing directors) or third parties (executive officers).
3 At least one member of the board of directors must be authorised to represent the company.
4 The company must be able to be represented by one person who is resident in Switzerland. This person must be a member of the board of directors or an executive officer. They must have access to the share register and to the register under Article 697l, unless this register is kept by a financial intermediary.2
1 Amended by No I of the FA of 4 Oct. 1991, in force since 1 July 1992 (AS 1992 733; BBl 1983 II 745).
2 Inserted by No I 3 of the FA of 16 Dec. 2005 (Law on Limited Liability Companies and Amendments to the Law on Companies limited by Shares, Cooperatives, the Commercial Register and Business Names) (AS 2007 4791; BBl 2002 3148, 2004 3969). Amended by No I 2 of the FA of 12 Dec. 2014 on the Implementation of the revised recommendations 2012 of the Financial Action Task Force, in force since 1 July 2015 (AS 2015 1389; BBl 2014 605).
2. Attributions inaliénables
1 Le conseil d’administration a les attributions intransmissibles et inaliénables suivantes:
2 Le conseil d’administration peut répartir entre ses membres, pris indivaiduellement ou groupés en comités, la charge de préparer et d’exécuter ses décisions ou de surveiller certaines affaires. Il veille à ce que ses membres soient convenablement informés.
1 Introduit par le ch. I de la LF du 4 oct. 1991, en vigueur depuis le 1er juil. 1992 (RO 1992 733; FF 1983 II 757).
2 Rectifié par la Commission de rédaction de l’Ass. féd. (art. 33 LREC; RO 1974 1051).
