Relevant:
- A Breach Of Fiduciary Duty At Bank Of America?
- Lloyds' top management bonuses potentially worth more than £27m
- Swiss Referendum May End Gold Sales;Force Repatriation And 20% Holding
- UBS Defers 60% of 2009 Bonuses on Compensation Above $250,000
- On verge of failure, bank executives collected financial bonanzas
2013-03-06 — reuters.com
``Voters in Switzerland have adopted a law by referendum that will give shareholders extensive powers to limit pay for executives, force them to exercise their rights seriously and will establish across-the-board transparency on management compensation. Golden handshakes, or special bonuses like those awarded to chief executives after a merger, will be banned. Non-compliance with the new law will be a criminal offence punishable by jail terms of up to three years.''
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