• Type: Publication series
  • Date: 7/18/2013

Switzerland – Federal Council Issues First Draft Ordinance on Minder Initiative 

KPMG AG in Switzerland reports that the Federal Council has issued the first draft ordinance implementing the constitutional amendments of the Minder Initiative which was approved by the Swiss voters on March 3, 2013. The draft ordinance – which is expected to come into force on January 1, 2014 – consists of clarifications concerning compensation decisions and reporting in respect of members of boards of directors, executive management, and advisory boards.


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