Tasks

The Foundation Board is the supreme body of the Guarantee Fund.
It is made up of three representatives of the employees, three representatives of the employers, two representatives of the public administration and one member who does not belong to any of these groupings. The Federal Council elects the representatives of the employees and employers acting on a proposal from the top level organisations and the representatives of the public administration on a proposal by the Federal Department of the Interior. It elects the ninth member of the Foundation Board on a proposal made by the members who have already been elected (Art. 4 and 5 SFV).

Tasks

The Foundation Board takes all measures necessary for the management and representation of the Guarantee Fund. It

  • determines the contribution rates and submits them to the BSV for approval;
  • supervises the activity of the Business Office;
  • represents the Foundation in relation to the supervisory authority and the cushioning scheme;
  • entrusts the business office with the management and representation of the Guarantee Fund;
  • concludes contracts within the framework of the purpose of the Foundation;
  • issues regulations;
  • appoints the auditors
  • presents the annual reports and annual statements of account to the supervisory authority.