Ethos fights for transparency concerning remuneration policies in Swiss companies

Ethos has recently opposed the re-election of various members of remuneration committees in Swiss companies. Several companies disclose very high salaries and remuneration plans that are not in line with international best practice standards. Because shareholders in Switzerland do not have the possibility to vote on the remuneration policy, it is very difficult for them to express their disapproval. As a long-term institutional investor, Ethos cannot accept that the Board of Directors of certain companies unilaterally establishes pay packages that are not in line with international standards of best practice. This is why Ethos calls on the Swiss Parliament to amend Swiss company law in order to allow shareholders to vote on the remuneration policy for executives of listed companies.
For more information please see the Ethos web site.

Published in sections: Eurosif ::