SWISS REFERENDUM: SAY-ON-PAY

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Abstract

This paper examines the recent Swiss referendum on say-on-pay. The referendum was put to popular vote in March of 2013, and the Swiss citizens passed the referendum with a clear majority. This paper will explain each of the provisions of the referendum. It will then explain pros and cons of the referendum, and then further evaluate the provisions. Finally, a brief commentary will be made regarding its implication and potential application in the world’s financial centers.

Keywords: Corporate Governance, Executive Compensation, Thomas Minder, Dodd-Frank Act, Compensation Committee, Board Compensation, Draft Transitional Order, OECD

How to cite this paper: Albrecht, D. (2015). Swiss referendum: Say-on-pay. Corporate Board: role, duties and composition, 11(1), 12-20. https://doi.org/10.22495/cbv11i1art2