Article 4 para. 3 FINMASA requires that FINMA organises itself in accordance with the principles of good corporate governance and economic management. The ordinances, regulations and internal control mechanisms aimed at ensuring good corporate governance apply equally to all FINMA staff and management bodies.
For FINMA, the following aspects, in particular, fall under good corporate governance:
FINMA’s Board of Directors is primarily responsible for passing the respective regulations, establishing appropriate management and control structures and ensuring their functionality and efficiency. The Executive Board operates the management and control systems and reports regularly to the Board of Directors.