Statutes Obermatt Institute

  1. Institute Obermatt is a non-profit association in the sense of Art. 60 ff. ZGB with its registered office in Zurich.
  2. The association was founded on 26 February 2020 and shall exist until it has no more members.
  3. The purpose of the association is to promote financial literacy through education, financial research and regulatory advocacy.
  4. These activities may be carried out by Board members, Association members or by a working group authorized by the Board.
  5. Association members finance the Association's activities through a membership fee set by the Board. The Association may accept patronage contributions.
  6. Data submitted to the Association may be viewed by the Board of the Association. It shall be stored electronically, administered and used in an appropriate form within the Association. The Executive Committee shall ensure that personal rights are respected, but shall not accept any liability for any damage.
  7. The Board consists of elected members of the Association and performs the functions necessary for the functioning of the Association. Changes in the members of the Board are proposed by the Board with a two-thirds majority of the Board members present and decided by the General Assembly.
  8. The legislative body is the General Assembly. It discharges the Board, elects its members, approves the annual accounts and may amend the Statutes. The General Assembly meets once a year. Decisions are taken by a simple majority of those present. Motions not on the agenda may also be voted on at the General Assembly.
  9. The Board organizes itself, elects the President and assigns offices and tasks.
  10. Admission to the Association shall be by submission of an application for admission and subsequent decision of the Board by a two-thirds majority of the Board members present.
  11. Membership shall be terminated at the request of the member, by majority decision of the General Assembly or if no membership fees have been paid. In no case shall there be any claims to paid membership fees.
  12. The Association shall be liable exclusively with the assets of the Association. Any remaining assets in the event of dissolution shall only be used for charitable purposes.