Swiss voters appear to have backed proposals to impose some of the world's strictest controls on executive pay, projected referendum results suggest.
Some 70% are thought to have supported plans to give shareholders a veto on compensation and ban big payouts for new and departing managers.
Business groups argued the proposals would damage Swiss competitiveness.
But analysts say ordinary Swiss are concerned about a growing economic divide in the country.
The vote comes just days after the EU approved measures to cap bankers bonuses. Full story...
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Some 70% are thought to have supported plans to give shareholders a veto on compensation and ban big payouts for new and departing managers.
Business groups argued the proposals would damage Swiss competitiveness.
But analysts say ordinary Swiss are concerned about a growing economic divide in the country.
The vote comes just days after the EU approved measures to cap bankers bonuses. Full story...
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