Latest update: 05/03/2013
Swiss voters take control of excessive executive payouts
Swiss voters have overwhelmingly backed proposals to limit executive pay. More than 2 thirds of Swiss chose to give shareholders a veto over compensation for bosses, as well as payouts for managers leaving their jobs. The move comes only days after the EU approved measures to cap bankers' bonuses and is being watched with interest from other European countries such as Germany, where some politicians hope to introduce similar measures.