Document background
The Board Resolution Approving Financial Statements is a crucial corporate governance document required under Swiss law, particularly under the Swiss Code of Obligations (OR). This resolution is typically prepared annually following the completion of the company's financial statements and, where applicable, their audit. It documents the board's formal approval of the financial statements and demonstrates compliance with the board's non-transferable duties under Article 716a of the Swiss Code of Obligations. The resolution should be used whenever financial statements require board approval, typically annually or for interim statements if required. It includes details of the meeting, confirmation of the board's review, their assessment of the company's financial position, and formal approval. For listed companies, additional stock exchange requirements may apply, and the resolution may need to address specific regulatory requirements.
