Swiss vote for tough curbs on executive pay - Europe - Al Jazeera English:
Shareholder voting on pay that matters? This will be interesting to watch.
Shareholder voting on pay that matters? This will be interesting to watch.
"Swiss citizens voted to impose some of the world's strictest controls on executive pay, forcing public companies to give shareholders a binding vote on compensation, initial result projections showed.
Claude Longchamp, of pollsters Gfs Bern, told Swiss state television on Sunday early returns in a referendum showed 68 percent backed plans for shareholders to veto executive pay and for a ban on big rewards for new and departing managers."
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