The Swiss code OF Best Practice (short Swiss code) is a recommendation from the year 2002 of the restaurant roof federation of Switzerland, Economiesuisse, to all corporations concerning Corporate Governance, which are noted to the Swiss Exchange.
Since the Swiss code is not based contrary to the guidelines for permission to the Swiss Exchange on an appropriate law, the contained recommendations cannot be interspersed by legal sanctions. Since these have II however over Basel on the credit-worthiness of an enterprise influence, a "adjustment takes place via the market" - the credit market.
The "Swiss code" gives defaults particularly to the following ranges to board of directors and management:
In the following is to be dealt with particulars of these points still more in greater detail
Untransferable tasks are incumbent on the board of directors in accordance with obligation right.
2005 gave some general assemblies, at which individual persons took a double mandate to talk. Most remarkably here the GV was von when Peter Brabeck should become both president of the VR and CEO. In particular the plant donation Ethos recommended to reject the choice.
The Swiss code recommends to the fact that the majority of the VR should not belong to the management, so that these are not degradiert by the knowledge projection/lead of the executives of reverse-feed members to Statisten. Besides appropriate control mechanisms are to be developed with the personnel union between reverse-feed president and CEO.
Individual tasks of the board of directors can be delegated by this into committees. The following committees were established:
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