A proposal to rein in pay-outs to top managers and company board members has won an overwhelming majority in a nationwide ballot on Sunday. Tough negotiations are expected in parliament over the application of the initiative.
Final results show 67.9 per cent of Swiss voters coming out in favour of granting shareholders a veto right over salaries and bonuses for the top flight of listed companies.
Supporters had the upper hand in all language regions and both in urban and rural areas.
Claude Longchamp, political scientist of the leading GfS Bern research and polling institute, said the broad support was also a result of the public outrage over bonuses to bankers and other top business leaders.
“The high emotions about the pay-outs fueled the anger and added even stronger support for the initiative,” he told public radio. Full story...
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Final results show 67.9 per cent of Swiss voters coming out in favour of granting shareholders a veto right over salaries and bonuses for the top flight of listed companies.
Supporters had the upper hand in all language regions and both in urban and rural areas.
Claude Longchamp, political scientist of the leading GfS Bern research and polling institute, said the broad support was also a result of the public outrage over bonuses to bankers and other top business leaders.
“The high emotions about the pay-outs fueled the anger and added even stronger support for the initiative,” he told public radio. Full story...
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