A popular initiative against “abusive” compensation for the top brass of Swiss companies has caught the imagination of the country’s population — and international attention.
On Sunday, the results will be made public on a national vote on the proposal launched by Thomas Minder, a Schaffhausen businessman and independent member of the Swiss senate.
The initiative would require Swiss companies to give shareholders an annual binding vote on the total compensation of boards of directors and senior management.
Compensation paid in advance to executives would be banned, along with golden parachutes to departing bosses. Full story...
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On Sunday, the results will be made public on a national vote on the proposal launched by Thomas Minder, a Schaffhausen businessman and independent member of the Swiss senate.
The initiative would require Swiss companies to give shareholders an annual binding vote on the total compensation of boards of directors and senior management.
Compensation paid in advance to executives would be banned, along with golden parachutes to departing bosses. Full story...
Related posts:
- Why rich Switzerland is furious about rich executive pay-outs...
- Novartis chief Vasella gives up golden chute...
- Novartis chairman’s golden payoff slammed...
- Novartis chairman will receive up to SFr72 million ($76 million) over the...
- Money-losing UBS under fire for lavish bonuses...
- The Swiss turn on the super-rich...
- Swiss farmer turns down £20 million offer for his land...
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