Suchergebnisse für Ethische Standards

Neuausrichtung des «Swiss Code of Best Practice for Corporate Governance» auf den Wandel der Zeit

The «Swiss Code of Best Practice for Corporate Governance», which was first published in 2002 and has since been revised several times, has become the most important guideline for good corporate governance in Switzerland and is widely accepted because it shows practical solutions based on expertise and experience. It compensates for its non-binding nature and lack of legal legitimacy, so to speak…

Kooperationsformen zwischen Banken und Drittanbietern aus vertrags- und datenschutzrechtlicher Perspektive

Open Banking or Open Finance essentially means the exchange of financial data between different financial service providers including third party providers at the request of the customer. From a civil liability and data protection perspective this paper examines the legal relationships between banks, third party providers, platforms and customers on the basis of four possible «model forms of…

Regulierung von künstlicher Intelligenz für FinTech-Anwendungen

New methods of artificial intelligence represent one of the greatest promises and most prospective developments of digitalisation. Artificial intelligence has already enabled numerous innovative applications in the areas of image recognition, medicine, language and mobility, and it is also increasingly being used in the financial market, on which this article focuses. In addition to great…

Automatisierte Entscheidungen: Perspektive Grundrechte

Automated decisions affect the legal system in a wide variety of areas. In a state governed by the rule of law, fundamental rights are of great importance; their ­validity can lead to a conflict with «results» produced by algorithms. The article examines five areas (employment relationships, biomedical «environment», moderation of online content, financial markets, procedural guarantees) and,…

Was ist «wirtschafts-verträgliches» Aktienrecht?

The last comprehensive overhaul of Swiss corporation law dates from 1991. The revised law was intended to provide more transparency, improve shareholder rights and set goalposts with respect to corporate organization and corporate powers. But the 1991 corporation law fell short of international standards, especially for listed companies. Numerous pieces of legislation and self-regulatory…

Wie die Arbeit, so der Lohn – Vergütung in privaten und kotierten Gesellschaften

Rising executive pay is a vital topic for shareholders, proxy advisors, academics and the wider public. It is worth noting that the remuneration of auditors for their audit services has hardly attracted shareholder attention even though falling audit fees may be a reason for weaknesses in corporate control. In this perspective it looks like an anomaly that the remuneration of the party…

Funktion(en) des Aktienrechts – vom Organisationsrecht zum Katalysator der Gesellschaftspolitik?

Swiss Corporate Law (Articles 620 et seq. of the Swiss Code of Obligations) is undergoing permanent changes since the 19^th century. Originally, these articles provided the legal basis for structuring and organizing corporations in the most efficient way – not more; therefore, the main focus was placed on protection of investors (i.e. the legal protection for both shareholders and creditors). Over…

Die Rechtsstaatlichkeit der FINMA-Watchlist

Die Eidgenössische Finanzmarktaufsicht FINMA (nachfolgend: FINMA, Beschwerdegegnerin) nahm im Jahr 2009 die Datensammlung «Gewähr für einwandfreie Geschäftstätigkeit und Berufsausübung» in Betrieb …

Salär-Governance

2017 was a special year for Swiss listed companies. Several compensation reports met fierce resistance from shareholders and proxy advisors, and in one case, a binding vote on executive compensation was rejected. The 2017 proxy season has shown that shareholders do not appreciate compensation models in which osten­sibly pay and performance are not related. Also, the season has shown that over…

Corporate Social Responsibility

The concept of Corporate Social Responsibility demands that companies comply with ethical standards with regard to human rights and the protection of the environment wherever they are active and that they, in general, respect the interests of society at large in their business. This concept is promoted by the UN in the UN Guiding Principles of Business and Human Rights. While Swiss law obliges…