All deliberations and resolutions of the board of directors must be recorded in written minutes. Depending on the type of decision, an appropriate document is used.
In the following paragraphs we will go through the most important documents available for recording the decisions of the board of directors. Then, we will compare the usual ways of creating these documents with the smart templates provided by Approovd, the first streaming platform for contracts in Switzerland.
The law provides that the deliberations and decisions of the board of directors must be recorded in written minutes. Since the directors can make decisions in very different situations or areas, there are a variety of documents in this regard, such as:
This document can be used to keep a record of kind of resolutions.
A circular resolution is used for resolutions passed in writing.
For resolutions concerning the transfer of registered shares with restricted transferability.
For resolutions concerning the preparation and convening of the shareholders’ general meeting.
There is a total of 4 different documents to keep a record of the resolutions of the board of directors with Approovd. The latter, however, must also observe a certain number of key points if they are to be legally compliant.
For numerous Swiss SMEs, this is a tough nut to crack: on the one hand, to be clear about which document is needed for which resolution, and on the other hand, to record the documents in a legally compliant manner. Thus, companies are faced with a choice: either they search the Internet for suitable templates themselves or they turn to an expert. Neither of these options is satisfactory: the first is time-consuming, the other is often expensive.
In the following overview, you can see what effort you can expect per selected approach and compare it with Approovd’s smart templates:
Approovd’s smart technology is a legally compliant, affordable and high quality alternative for Swiss SME’s who feel good and secure about their legal documents and contracts.
In short, the user creates an account, answers an average of 20 questions online (no legal knowledge required) and creates a contract approved by the best Swiss lawyers in less than ten minutes.
The entire process is done completely online: from creation to changes to signature.
Approovd’s smart technology is a legally secure, affordable and high quality alternative for Swiss SME’s who want to feel good and secure about their legal documents and contracts. Feel good about quality and price. You should not have to choose.
Chief Legal Officer
The legal translation machine: Camille has gained extensive experience as a transaction lawyer at Homburger, one of Switzerland’s leading business law firm. There he specialized in mergers and acquisitions, capital market as well as corporate law. The increasing need and untapped potential for digitization in the market for legal services convinced him to join Approovd as an early founder. He also acts as the chairman of the real estate company Nordmann Fribourg Holding SA.