The purpose of the company is: the promotion, training, development and practice of sailing sports. The company is also involved in consulting for shipyards; consulting in the field of sailing; consulting for crews; consulting on the occasion of nautical events. To achieve these purposes, the company may manage, acquire or use its own equipment and facilities or those made available by third parties. It may also collaborate with other nautical companies, enterprises or foundations that have similar or complementary purposes. The company may carry out all commercial, financial or other activities directly or indirectly connected with its purpose. The company may acquire, encumber, hold, alienate real estate and, in general, exercise any activity in direct or indirect relation to the social purpose. The company may participate in other companies and establish branches and subsidiaries, both in Switzerland and abroad.