Group Structure
The Federation of Migros Cooperatives (FMC), the regional Migros Cooperatives affiliated to it and the business enterprises owned by them, along with the Migros Foundations, together make up the Migros Community, or simply Migros.
Legal form and mission
The Federation of Migros Cooperatives (FMC) is a cooperative association as defined by Art. 921 ff. of the Swiss Code of Obligations (OR). The FMC, the regional Migros Cooperatives that are affiliated to it, the business enterprises owned by them and the Migros Foundations together make up the Migros Community, or simply Migros.
The FMC coordinates the activities of the Migros Community and determines the strategy for Migros. It is also a Migros service provider. The FMC is responsible for covering the needs of the Cooperatives affiliated to it through a system of combined purchasing and production, as well as by establishing or acquiring participatory interests and subsidiary companies of all kinds. The organs of the FMC are the Assembly of Delegates, the Board of Directors, the Executive Board and the Board of Control.
Cooperative capital and liability
The cooperative capital of the FMC totals CHF 15 million (Migros Group Financial Report, consolidated group, p. 136). The shares have a nominal value of CHF 1'000, pay interest at 4% and are not transferable. They are distributed among the affiliated Cooperatives as follows (in percentages of the cooperative capital):
| Migros Cooperative Zurich (MCZ) | 32.2 |
| Migros Cooperative Aare (MCAA) | 19.7 |
| Migros Cooperative Eastern Switzerland (MCOS) | 11.4 |
| Migros Cooperative Basel (MCBS) | 10.0 |
| Migros Cooperative Geneva (MCGE) | 7.1 |
| Migros Cooperative Vaud (MCVD) | 4.8 |
| Migros Cooperative Lucerne (MCLU) | 4.6 |
| Migros Cooperative Neuchatel-Fribourg (MCNE-FR) | 4.3 |
| Migros Cooperative Ticino (MCTI) | 3.8 |
| Migros Cooperative Valais (MCVS) | 1.7 |
In accordance with the statutes, the shares are underwritten on the basis of the annual retail sales. Because the voting rights exercised at the Assembly of Delegates are distributed independently of the share distribution, the Board of Directors decided not to adjust them and has retained the original (1957) distribution.
Liability for the obligations of the FMC is limited to its assets.
Statutes and Regulations
The organisation of the FMC is set out in the company statutes (version of 26 March 2011) and substantially in the organisational rules of the Assembly of Delegates (version of 27 October 2007) and in the organisational rules of the Board of Directors (version of 1 February 2003). The reciprocal rights and duties between the FMC and the affiliated Cooperatives are set out in ten (identical) agreements between the FMC and the Cooperatives (version of June 1984, as amended).