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Joint-stock companies must maintain an internal control system (ICS) according to the Code of Obligations, which supports risk management and is audited by the audit office. The ICS serves the effective and efficient handling of business operations and the assurance of compliance with laws.

AI is now being discussed as a digital member on boards of directors, with the relevance varying according to business model and industry specifics. The debate encompasses economic, legal, and ethical aspects, with the use of AI remaining controversial.

The ESTV aims for all tax data to be submitted electronically in the future, despite data protection concerns from various parties. The Federal Council supports this digitalization and facilitates easing of the signature requirement at the cantonal level.

Zurich extended the deadline for tax returns until 09/30/2020 due to COVID-19. Penalties threaten in case of missing the deadline, but a quick follow-up submission can help.

The Sarbanes-Oxley Act was introduced to ensure transparent reporting in US capital markets following accounting scandals. It implies strict auditing regulations also for non-US companies and inspired similar laws worldwide.

The Federal Council is planning an inheritance law reform to facilitate the transfer of SMEs within the family and thus improve business stability. Current regulations often lead to financing problems for heirs; the reform aims to allow adjustments and simplify compensation obligations.

The Federal Council is planning an inheritance law reform to facilitate business succession in family-owned companies, to secure SME stability and jobs in Switzerland. The revision includes measures such as integral assignment and payment deferrals for successors.

Family businesses in Switzerland, such as Roche and Swatch, promote their success through specially tailored family constitutions that serve as codes of values and conduct. These constitutions help prevent conflicts and pursue uniform goals by pooling interests and establishing common principles.

Taxable persons must submit necessary documents for the examination of taxes and input tax deductions to the FTA; if this is not done, the FTA can carry out a discretionary assessment. In cases of missing or incorrect documentation, the Federal Court supported a discretionary estimate as legally compliant.