Swiss execs to face stricter pay rules

Swiss voters have approved a wide-ranging set of limits on corporate pay that are sure to sour the mood in the country’s corner offices, FT.com reports.

In a referendum “68 per cent of voters approved rules that include giving shareholders a binding say on executive pay; banning golden hellos and goodbyes; requiring annual re-elections for directors; and threatening criminal sanctions for non-compliance,” the report explains.

Read more here.

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The staff of Advisor.ca have been covering news for financial advisors since 1998.