Swiss curb on executive pay

Switzerland has voted to impose some of the world's toughest restrictions on executive pay, ignoring a warning from the business lobby that the curbs will undermine the country's investor-friendly image. The vote gives shareholders of companies listed in Switzerland a binding say on the pay packages for executives and directors. Violations could result in fines equal to six years of salary and a prison sentence of up to three years.

By InvestSMART · 5 Mar 2013

By InvestSMART ·
5 Mar 2013

Share

Comments

Print

Switzerland has voted to impose some of the world's toughest restrictions on executive pay, ignoring a warning from the business lobby that the curbs will undermine the country's investor-friendly image. The vote gives shareholders of companies listed in Switzerland a binding say on the pay packages for executives and directors. Violations could result in fines equal to six years of salary and a prison sentence of up to three years.

Share this article and show your support

Proudly

Swiss curb on executive pay

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}

{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}

{{ content.upgradeHeading.replace('{0}', user.FirstName) }}

Updating information

Please wait ...

Your membership to InvestSMART Group recently failed to renew.

You've recently updated your payment details.

Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial

Please click on the ACTIVATE button to finalise your membership

Unsuccessful registration

Forgotten password