A Swiss vote on Sunday in favour of giving small shareholders the right to cap executives' pay has prompted German politicians to call for a similar law in this country.
More than two-thirds of Swiss voters came out on Sunday in favour of a new law that would allow shareholders to decide what salaries the top executives should get, and get rid of "golden handshakes" - bonuses for top managers departing or arriving on the board.
The result prompted several German politicians to come out in favour of a similar law not only in Germany, but in Europe.
"The referendum is an important step in the right direction," Joachim Poß, deputy parliamentary leader for the centre-left Social Democratic Party (SPD), told the Neue Osnabbrücker Zeitung. "The result should be understood as an encouragement for the introduction of a European directive." Full story...
Related posts:
More than two-thirds of Swiss voters came out on Sunday in favour of a new law that would allow shareholders to decide what salaries the top executives should get, and get rid of "golden handshakes" - bonuses for top managers departing or arriving on the board.
The result prompted several German politicians to come out in favour of a similar law not only in Germany, but in Europe.
"The referendum is an important step in the right direction," Joachim Poß, deputy parliamentary leader for the centre-left Social Democratic Party (SPD), told the Neue Osnabbrücker Zeitung. "The result should be understood as an encouragement for the introduction of a European directive." Full story...
Related posts:
- Swiss voters crack down on corporate pay packages...
- Why rich Switzerland is furious about rich executive pay-outs...
- Novartis chief Vasella gives up golden chute...
- Novartis chairman’s golden payoff slammed...
- Novartis chairman will receive up to SFr72 million ($76 million) over the...
- This cap on bankers’ bonuses is like a dead cat – pure distraction...
- £570m loss at Lloyds but £1.5m bonus for the boss...
No comments:
Post a Comment