The governance principles practiced by the Foundation are primarily stipulated in the Foundation Deed.

The Foundation Council’s primary duty is to maintain the Foundation’s purpose.

In order to fulfil its purpose, the Foundation holds 25 per cent of the voting rights in the parent company of VFS Global Ltd. The Foundation therefore views its role as that of a block shareholder with a long-term commitment.

The Foundation actively exercises its shareholder role in line with the Foundation’s purpose and the long-term corporate interests of VFS Global Ltd.

The Foundation is subject to the institutional supervision of the Canton of Zurich. The Foundation’s governance is moreover based on responsible action pursuant to clear principles. Such governance is to be ensured by the election of suitable persons and by the balanced composition of the Foundation Council.

The Foundation Council consists of three to five members. It is self-constituting and self-renewing. Only individuals with proven experience in business or legal matters may be members of the Foundation Council. It must also be guaranteed that they devote themselves conscientiously to realising the purpose of the Foundation. Individuals who work or have an equity interest in competing companies are barred from election to the Foundation Council. Foundation Council members are elected for a term of four years and their reelection is permissible.