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

¹ The board must con­duct the busi­ness of the co­oper­at­ive with all di­li­gence and em­ploy its best en­deav­ours to fur­ther the co­oper­at­ive’s cause.

² In par­tic­u­lar, it has a duty:

1.

to pre­pare the busi­ness of the gen­er­al as­sembly of mem­bers and im­ple­ment its res­ol­u­tions;

2.

to su­per­vise the per­sons en­trus­ted with the co­oper­at­ive’s busi­ness man­age­ment and rep­res­ent­a­tion with re­gard to com­pli­ance with the law, the art­icles of as­so­ci­ation and any ap­plic­able reg­u­la­tions and to keep it­self reg­u­larly in­formed of the co­oper­at­ive’s busi­ness per­form­ance.

³ The board is re­spons­ible for en­sur­ing that:

1.

the minutes of its meet­ings, the minutes of the gen­er­al as­sembly, the ne­ces­sary ac­count­ing re­cords and the mem­ber­ship list are kept prop­erly;

2.

the an­nu­al re­port is drawn up and sub­mit­ted to the ex­tern­al aud­it­or for ex­am­in­a­tion in ac­cord­ance with the stat­utory pro­vi­sions; and

3.

the pre­scribed no­ti­fic­a­tions con­cern­ing ac­ces­sions and de­par­tures of mem­bers are made to the com­mer­cial re­gister of­fice.⁷⁴⁵