Generalversammlung · general meeting
The general meeting of shareholders is the supreme governing body of a company limited by shares. Its notices, minutes and resolutions are among the documents most often translated in a multilingual setting. The Federal Administration's translation says general meeting, not general assembly.
Request a demoThe term in four languages
- German
- Generalversammlung
- French
- assemblée générale
- Italian
- assemblea generale
- English
- general meeting
Definition
The general meeting brings together the shareholders and is the supreme governing body of a company limited by shares. It determines and amends the articles of association and elects the members of the board of directors and the external auditors. It also approves the annual accounts, decides on the allocation of profit and discharges the board members. Certain resolutions require a qualified majority. The minutes record the resolutions and the results of elections.
Swiss federal acts are published in German, French and Italian, and all three versions are equally authoritative. The English term shown here comes from the Federal Administration's English translation, published on Fedlex for information only. Where there is no translation, it follows common usage.
Full glossaryThe term in an official text
powered by Neur.onOberstes Organ der Aktiengesellschaft ist die Generalversammlung der Aktionäre.
The supreme governing body of a company limited by shares is the general meeting.
Source: Fedlex, Code of Obligations. In Corrext, this segment and the ones around it appear in Fast lookup CHnell, each with its reference.
Related terms
A company that is liable for its obligations only to the extent of its own assets.
Verwaltungsrat · board of directorsThe body that manages a company limited by shares and determines its organisation.
Revisionsstelle · external auditorThe body that audits a company's annual accounts.