Frequently asked questions
How much does an external board member cost?
A mandate is charged with a revolving lump sum up to 12 months in the amount of CHF 6’000.00 plus VAT and additionally according to time spent in an hourly fee of CHF 280.00 plus VAT.
How long does an external board member mandate last?
A board of directors mandate lasts a maximum of 12 months with the option of extension. Depending on the specific needs of the company, short or multi-year assignments may be possible.
When is a board member mandate rejected?
Board mandates from companies that do not comply with Swiss law or conduct immoral or unfair business cannot be accepted.
Does a board member have to live in Switzerland?
At least one member of the board of directors must be resident in Switzerland. No other members of the board of directors must do so.