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

¹ The gen­er­al meet­ing is con­vened by the board of dir­ect­ors or, where ne­ces­sary, by the ex­tern­al aud­it­ors.⁴⁵⁵ The li­quid­at­ors and the rep­res­ent­at­ives of bond cred­it­ors also have the right to con­vene gen­er­al meet­ings.

² The or­din­ary gen­er­al meet­ing takes place every year with­in six months of the end of the fin­an­cial year, and ex­traordin­ary gen­er­al meet­ings are con­vened as and when re­quired.

³ A gen­er­al meet­ing may also be con­vened by one or more share­hold­ers to­geth­er rep­res­ent­ing at least 10 per cent of the share cap­it­al. Share­hold­ers to­geth­er rep­res­ent­ing shares with a nom­in­al value of 1 mil­lion francs may de­mand that an item be placed on the agenda. Meet­ings are con­vened and items placed on the agenda by writ­ten re­quest, in­clud­ing de­tails of agenda items and mo­tions.⁴⁵⁶

⁴ Where the board of dir­ect­ors fails to grant such a re­quest with­in a reas­on­able time, the court must at the re­quest of the ap­plic­ant or­der that a gen­er­al meet­ing be con­vened.