Federal Act on the Amendment of the Swiss Civil Code (OR)

Art. 693OR from 2022

Art. 693

¹ The articles of association may stipulate that voting rights are determined regardless of nominal value by the number of shares belonging to each shareholder such that each share confers one vote.

² In this case, shares with a lower nominal value than other shares of the same company may be issued only as registered shares and must be fully paid up. The nominal value of these other shares must not exceed ten times the nominal value of the voting shares.⁴³²

³ The allocation of voting rights according to number of shares is not applicable for:

1.

the election of external auditors;

2.

the appointment of experts to audit the company’s business management or parts thereof;

3.

any resolution concerning the instigation of a special audit;

4.

any resolution concerning the initiation of a liability action.⁴³³

⁴³² Amended by No I of the FA of 4 Oct. 1991, in force since 1 July 1992 (AS 1992 733; BBl 1983 II 745).

⁴³³ Amended by No I of the FA of 4 Oct. 1991, in force since 1 July 1992 (AS 1992 733; BBl 1983 II 745).