Friday, 1 March 2013

Switzerland: a referendum on corporate governance reforms

A referendum is being held on Sunday. Voters are being asked to consider three proposals, one of which - the so-called "Minder initiative" - concerns corporate governance: see here. The vote on this proposal has been instigated under the popular initiative mechanism and contains measures to require listed companies to hold an annual binding vote on directors' remuneration and subject directors to annual election. Restrictions on certain forms of remuneration are also included. Further background information, in English, is available here and here.

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