As regulatory requirements for substance and correct leadership of a corporation according to Swiss Code of Obligations 716a get tighter and are taken more seriously by authorities, we are often asked to provide independent directors for companies of our clients. These directors must be able to demonstrate that they have long-term experience in leading companies and have done it before. The times are gone where assistants of main shareholders could be put on the board, who clearly had no previous strategic leadership function before or have only executive experience.
At LINDEMANNLAW, we have a network of internal and external candidates to select from case by case, which stand the test of independence and long-term corporate experience. Thanks to our reputation, we can also help with experts who can be a guarantee person vis-à-vis the regulator, for example FINMA or FMA, when it is about the board of a bank, insurance company, wealth management firm, mutual fund or another regulated entity. Our directors clearly understand their role as value adding to the company, this means they will try to use their own personal network to advance the business of the client.