Tag: Board of Directors

Legal Aspects of Coronavirus in Switzerland V – The Role of the Board of Directors in Times of a Crisis

Under Swiss corporate law the Board of Directors is empowered to delegate the operational management of the “Daily Business” to a large extent to the Executive Board. In times of a crisis, however, the Board of Directors, as the “supreme crisis and risk manager” of any company, is obliged to become increasingly active itself and to take the appropriate measures within the scope of its authority to ensure the company’s existence. The purpose of this article is to briefly highlight various aspects that the Board of Directors must consider in crisis situations.

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