4.11 Assignment of duties
The Telecommunications Enterprise Act (TEA) defines the non-transferable, irrevocable duties of the Board of Directors of Swisscom Ltd with reference to the Swiss Code of Obligations, in particular Article 716a, which sets out the responsibilities of governing bodies in limited companies. The Board of Directors is responsible for the overall management of the company, decides on the appointment and removal of members of the Group Executive Committee and determines the strategic, organisational, financial planning and accounting guidelines for Swisscom, including tax and sustainability strategies. Here, it considers the goals that the Swiss Confederation, as majority shareholder, aims to achieve. As defined by the TEA, the Federal Council formulates these goals in four-year cycles; having set goals for the period 2022–2025 in 2021, it issued goals for the period 2026–2029 on 19 November 2025.
See Federal Council Goals for Swisscom 2022–2025 (DE)
See Federal Council Goals for Swisscom 2026–2029 (DE)
The Board of Directors has delegated day-to-day business management to the Group CEO in accordance with the TEA and the Articles of Incorporation. In addition to the duties assigned to it by law, the Board of Directors decides on business transactions of major importance to the Group, including the acquisition or disposal of companies or assets with a financial exposure in excess of CHF 20 million, and investments or divestments with a financial exposure in excess of CHF 75 million. The Board of Directors also has overall responsibility for sustainability issues, for which it approves the sustainability strategy (part of the corporate strategy) and monitors its implementation. The Organisational Regulation and its Annex 2, the Business and Accountability Regulation define the division of powers between the Board of Directors and the Group CEO. Sustainability governance is described in the Sustainability Statements.