The Powerhouse is a not-for-profit association (Swiss Verein) run by a small, volunteer core team.
Our aim is to bring women together from different nationalities as well as various cultural and professional backgrounds, to maintain dialogues, to navigate through life’s challenges in Zurich, to network, to hear each other’s stories and to exchange knowledge and expertise.
- We are here to encourage networking.
- We are not a distribution list.
- We are ‘doers’, and we encourage our networks to be proactive.
- We believe in the power of collaboration.
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Articles of Association
Article 1 Name and Registered Office
- Under the name of “The Powerhouse” exists a non-profit making association (Verein) in the sense of articles 60 to 79 of the Swiss Civil Code. This Association is an independent legal entity with legal capacity. It is governed by Swiss law. Its duration is unlimited.
- The Association is domiciled in Zurich.
- The official language of the Association is English.
Article 2 Purpose
- The purpose of the Association, a non-profit organization, is
- To facilitate the exchange of professional women in the Greater Zurich Area (and beyond) whether currently in the workforce or not; and
- To help women build and maintain dialogues, professional skills and confidence by organizing networking events local networking groups.
- The Association may engage in all activities and take all actions necessary and appropriate to carry out the above objectives.
Article 3 Membership
- The founding members as per the Association’s Deed of Incorporation (Gründungs-protokoll) are the initial members of the Association.
- Membership is open to any individual and commences upon appointment by at least two members of the Board.
- The annual membership fee being set at the General Assembly by the members of the Board and may not exceed CHF 50/year.
- Membership ceases on the date on which a member resigns, or is removed, from his or her functions by the General Assembly.
- Members may resign from the Association at any time by notifying the Board in writing. Resigning members have no rights against the assets of the Association.
Article 4 Resources
The Association derives its resources from:
- sponsorship contributions,
- event and workshop payments,
- its assets.
Article 5 Liability
The Association’s financial obligations can be satisfied only from its assets. The members of the Association shall not be personally liable for the obligations or debts of the Association
Article 6 Corporate Bodies
The corporate bodies of the Association are:
o the General Assembly;
o the Board; and
o the Auditors.
6.1.The General Assembly
The General Assembly consists of the members of the Association.
The General Assembly shall have the following powers:
a) to adopt and amend the Articles of Association;
b) to appoint new members;
c) to elect and dismiss the President, Treasurer and Secretary from amongst its members;
d) to approve the engagement of the audit firm;
e) to approve the annual report issued by the audit firm and the accounts of the Association.
Meetings of the General Assembly
The General Assembly will take place upon invitation by the President of the Association, or by the request of at least 20 % of the members. The notice shall state the place and time of the meeting, the items of the agenda as well as the motions for consideration, if any. Meetings must be called at least twenty days in advance. Members may attend meetings in person or by telephone conference call.
The General Assembly will be chaired by the President or, in the case of his inability, another member attending the General Assembly.
Each member has one vote at the General Assembly. Votes are not transferable to another member or a third person.
Unless provided otherwise by mandatory provisions of the law or by the Articles of Association, resolutions shall be passed and elections shall be made by the absolute majority of all votes represented at the General Assembly.
The chairperson of the meeting will have the casting vote.
Election & Terms of Office
The Board will be composed of the Association’s
- Two Co-Presidents,
- its Treasurer
- and, the Secretary
of the Association who must be members of the Association.
- Each member of the Board shall serve for a one-year term following her election, such term ending on the day of the respective ordinary General Assembly.
- Members of the Board may be re-elected.
- The members of the Board act voluntarily and will not receive a compensation for such voluntary office. They will be reimbursed for any out-of-pocket expenses reasonably incurred, however.
The Board shall perform, inter alia, the following functions:
a) Develop an annual program and budget for the consideration of the General Assembly.
b) Subject to the approval of the General Assembly, the Board shall, for each financial year, engage an audit firm.
As the Association does not meet the criteria according to Article 69b of the Swiss Civil Code to have the accounting be either regularly audited or limitedly audited, it waives its accounting annual audits.
Article 7 Financial Year
The accounts of the Association will be established on December 31 each year, and for the first time on 31 December 2013.
Article 8 Dissolution and Liquidation
The Association can be dissolved by vote of a minimum of two thirds of the members at a General Assembly.
In case of dissolution of the Association, the Board must proceed to its liquidation. The Board shall distribute the assets of the Association, after payment of all debts of the Association, to the members.
Article 9 Entry into Force
The present founding members have adopted the present Articles of Associations by way of meeting. The present Articles of Association have entered into force today.