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

Art. 716578

III. Du­ties

1. In gen­er­al

 

1 The board of dir­ect­ors may pass res­ol­u­tions on all mat­ters not re­served to the gen­er­al meet­ing by law or the art­icles of as­so­ci­ation.

2 The board of dir­ect­ors shall man­age the busi­ness of the com­pany, un­less re­spons­ib­il­ity for such man­age­ment has been del­eg­ated.

578 Amended by No I of the FA of 4 Oct. 1991, in force since 1 Ju­ly 1992 (AS 1992 733; BBl 1983 II 745).