Assembly of Delegates

The Assembly of Delegates, which is essentially equivalent to a shareholders‘ meeting, is the most senior executive body of the FMC. In accordance with the statutes, it comprises
100 delegates, who are selected from the regional Cooperatives on the basis of a specified quota, together with ten representatives of the boards of directors of the ten Cooperatives and an indipendent President.

The principal powers of the Assembly of Delegates include defining and amending the statutes, electing and dismissing members of the Board of Directors, taking the decision to wind up the FMC, approving the annual report and annual financial statements, ratifying the actions of the Board of Directors and the Executive Board, and electing and dismissing the Board of Control.

The Assembly of Delegates met on two occasions in 2009 to deal with its statutory business. The delegates decided upon the shelf price labelling system and were also infomed about the 2009-2011 Integrated Marketing Strategy, as well as other business operations undertaken by Migros. At the autumn Assembly of Delegates meeting, the Delegates participated in a workshop devoted to discussing the propositions and principles of Gottlieb and Adele Duttweiler.

The Assembly of Delegates has its own office (Office of the Assembly of Delegates) and permanent working groups “Aid Fund” and «Board of Directors’ Annual Report», whose duties and organisation are regulated by the rules of organisation of the Assembly of Delegates and by “mandates”. The Assembly may also set up ad-hoc working groups to deal with temporary assignments..