On January 1, 2022, the provisions came into force which provide for a reporting obligation of companies on non-financial matters(Art. 964a et seq. CO) as well as due diligence and reporting obligations in the areas of conflict minerals and child labor(Art. 964j et seq. CO). Our overview shows you who is specifically subject to due diligence and reporting obligations in Switzerland and what the new provisions actually mean for their addressees.
Read moreOne of the main objectives of the revision of stock corporation law continues to be the improvement and modernization of the regulations concerning corporate governance of Swiss companies. In particular, the strengthening of the protection of minority shareholders was taken into account in the revision of the Stock Corporation Act.
Read moreAs part of the implementation of the recommendations of the Global Forum on Transparency and Exchange of Information for Tax Purposes (OECD), the transparency of legal entities must be increased, and thus an adjustment of bearer shares has become necessary. Bearer shares have met with international criticism because they are anonymous and easily transferable and can thus be abused for tax evasion and money laundering. Nevertheless, an adjustment was put on the back burner by parliament and now had to be implemented within a short period of time, which was objected to in parliament.
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