Details

  • Type: Publication series
  • Date: 5/15/2013

Switzerland – Voters Approve New “Say on Pay” Rules, Implementation Forthcoming 

KPMG AG in Switzerland reports that the so-called Minder Initiative, approved by Swiss voters on March 3, 2013, aims to limit excessive and abusive remuneration practices and boost shareholders’ roles and responsibilities regarding board of directors’ and senior executives’ employment and pay matters. These say-on-pay rules now becomes an amendment to the Swiss constitution and consequently serve to limit boards of directors’ members and executive compensation and employment relations.
 

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