General Provisions

1. The present owner strategy is drawn up on the basis of the municipal regulations of the municipality of Glarus Nord. The municipality is the owner of lintharena ag.

2. The interests of the municipality of Glarus Nord are represented by the Municipal Council. In doing so, it takes into account the entrepreneurial autonomy of lintharena ag and, in its capacity as representative of the owner, acknowledges the freedom of decision of the Board of Directors with regard to the corporate strategy.

3. In addition to determining the owner strategy, the municipality exercises its rights as proprietor.

4. The Municipal Council elects five out of seven members of the Board of Directors and the Chairperson, with one member of the Municipal Council taking a seat. Four members are elected after consultation with the Board of Directors. The Board of Directors has the right to propose candidates in this regard. Two members of the Board of Directors are elected by the Municipal Assembly.

5. The Municipal Council reports to the Municipal Assembly and ensures information flow. The Municipal Council issues guidelines for the planning and reporting of the institution.

1. The primary task of lintharena ag is the operation of the municipal infrastructure (sports facilities, wellness, restaurant and hotel services, open spaces) located on parcels 971 and 20006, Land Register Näfels. In consultation with the respective owners, lintharena ag also regulates the operation of the infrastructure located on parcels no. 20011 (skate park), 20081 (climbing hall 2), and 20171 (bouldering hall), Land Register Näfels.

2. Lintharena ag shall be managed as an independent, competitive enterprise, guided by business administration principles and customer-oriented practices.

1. The owner strategy provides clear guidelines for determining the corporate strategy. Within these guidelines, the corporate strategy must also be defined. The Municipal Council commits to deviating from the stipulations in the owner strategy only after thorough review and consultation with the company's Board of Directors.

2. The provisions of the owner strategy must be incorporated by the strategic and operational management levels of lintharena ag in their activities. Deviations are only possible when deemed necessary and after consultation with the Municipal Council.

3. The owner strategy aims to provide security regarding the entrepreneurial direction for both the company's employees and its stakeholders.

4. The Board of Directors of lintharena ag is responsible to the Municipal Council for compliance with the owner strategy.

1. Lintharena AG generates profits from business activities according to business principles. Lintharena AG shall guarantee the population and associations the most attractive prices possible for high-quality offers.

2. The municipality pays an annual contribution for the operation of infrastructure that is not economically viable and whose operation is mandated by the municipality. This will be regulated in a separate service agreement.

3. Any profit or loss carried forward will be transferred to the following year's accounts. There will be no profit distribution.

1. Lintharena AG offers the public a diverse and appealing range of sports, leisure, and recreational services.

2. The organs of Lintharena AG must observe their social and ecological responsibility towards employees, business partners, customers, and the residents of Glarus Nord when establishing and implementing the corporate strategy. This applies in particular to

a) Securing its position as an attractive regional employer;

b) Ensuring a leading position in committed and modern vocational training for apprentices;

c) Ensuring continuous promotion of employees through targeted training and professional development measures;

d) Promoting customer and employee satisfaction;

e) Protecting nature and the environment.

1. Lintharena AG may enter into strategic partnerships to secure the following objectives, provided that the benefits demonstrably and significantly outweigh the costs and risks.

2. The utilization of synergies, e.g., in the administrative area with third parties (e.g., the municipality or independent public-law institutions), is desired.

3. The development of new strategic business areas requires the consent of the Municipal Council.

1. The company shall adopt an organizational structure geared towards continuity. Job descriptions shall be prepared for all functions.

2. All members of the board of directors shall be registered in the commercial register with collective signatory power of two.

1. Lintharena AG shall establish and operate an appropriate risk management system. An internal control system (ICS) shall be maintained as part of the risk management.

2. Lintharena AG shall prepare its annual financial statements in accordance with the principle of "true and fair view" and shall be subject to a limited audit, unless otherwise prescribed by law.

3. In its reporting to the Municipal Council and the Business Audit Committee, Lintharena AG shall provide the following documents/reports

a) Annual financial statements and annual report, including the auditor's report;

b) Status of the implementation of measures in risk management and the ICS (as part of the annual financial statements and annual report);

c) Oral reporting to the Municipal Council on the business performance and the degree of target achievement in accordance with Art. 1 to 3.

4. The Municipal Council has a right of inspection of the minutes of the Board of Directors. In the event of extraordinary occurrences (e.g., significant loss event, events with a massive impact on the annual result), the Municipal Council shall be informed without delay. The Municipal Council may request further information at any time.

1. The ownership strategy must be regularly (at least every four years) reviewed by the Municipal Council for completeness and accuracy.