The Influence of the IFRS on the Financial Management Duties of the Board of Directors under Swiss Law
This book analyses how the IFRS influence financial management duties of boards of directors under Swiss law. The analysis addresses duties of the board in general, as well as the concrete measures board members must take when implementing the IFRS. The author offers an overview of financial reporting according to the Swiss Code of Obligations and the IFRS, and elaborates on how the various standards influence decision making of a board of directors. Since financial measures are paramount in decision-making for the members of the board, board members have to ensure that these financial measures are correct and reliable. Therefore, the analysis includes important corporate governance issues, including for example, the role of management compensation and the use of financial reporting data for decision making.