Entrepreneurship

An Initial Public Offering (IPO) is the first stock market launch of a company to offer shares publicly. The process involves due diligence, setting the stock price through book building, and finally trading on the stock exchange.

Corporate Governance regulates the relationship between shareholders and executives and primarily protects the shareholders. In Switzerland, there is the "Swiss Code of Best Practice for Corporate Governance" and mandatory guidelines of the SIX Swiss Exchange.

Startups and SMEs benefit from compliance structures through increased trust and reduced liability risk. The implementation can be customized and implemented with moderate effort.

An earn-out is a combination of a fixed payment and a success-dependent additional payment, which is helpful when no agreement on the purchase price of the company is reached. The amount of the earn-out is based on comprehensible, established business management metrics to ensure fair incentives for both buyers and sellers.

An earn-out allows the continuation of purchase negotiations through a combination of fixed payment and performance-based additional payment. This can minimize risks, but also increase the price and make restructuring more difficult.

An earn-out helps in price negotiations when buyers and sellers have different company valuations. This clause divides the purchase price into an immediate payment and a success-dependent additional payment.

The Federal Court has ruled that the right to information of the board of directors according to Art. 715a OR is judicially enforceable. This decision supports boards of directors in effectively exercising their supervisory and management functions.

The management of larger corporations is legally assigned to the board of directors, which, however, may delegate it with statutory authorization. A valid delegation requires an organizational regulation or a board of directors' resolution.

In larger corporations, the board of directors can delegate management tasks if the statutes allow this. However, non-transferable tasks remain with the board of directors.