The company's purpose, both in Switzerland and abroad, and both on its own account and on behalf of third parties, is: the promotion, teaching and practice of sailing, as well as the organization of regattas, races and events of all kinds; the execution of all general business mandates, whether for the construction of boats or buildings of all kinds. The company may carry out all operations of any nature, directly or indirectly related to its social purpose. It may grant loans or guarantees of any kind, either to third parties or to its associates, if it serves its interests.