Чистий кератин для укріплення волосся

Hello There. I discovered your blog the usage of msn. That is a really well written article.
I’ll be sure to bookmark it and come back to learn extra of your useful info.
Thanks for the post. I will definitely comeback.

Look into my web-site – ความรู้เรื่องคริปโต

Swiss vote to impose world’s strictest rules on executive pay after public outcry over fat
cat bonuses

People in Switzerland have voted for strict controls on executive pay

68 per cent backed plans to veto pay-outs to bosses

Move sparked by anger over the big bonuses blamed for fuelling risky investments

It comes after the EU announced plan to cap bankers’ bonuses at a year’s pay

By JANINE YAQOOB

Published: 16:43 GMT, 3 March 2013 | Updated: 17:12 GMT, 3 March
2013

e-mail

157

View
comments

Swiss citizens have voted to impose some of the world’s strictest controls on executive pay.

Early returns in a referendum revealed 68 per cent backed plans for shareholders to veto executive pay
and for a ban on big rewards for new and departing managers.

The clear majority came as a surprise given fierce opposition and intense campaigning by business lobby group Economiesuisse, which
warned the proposals will damage the country’s competitiveness
and scare away international talent.

Support for the move was sparked by anger over the big bonuses blamed for fuelling risky investments that nearly felled Swiss bank
UBS, as well as outrage over a proposed $78 million payment to outgoing Novartis chairman Daniel Vasella.

Claude Longchamp, of pollsters Gfs.Bern, said the public outcry last month that forced Novartis
to cancel Vasella’s ‘golden goodbye’ helped drive the campaign.

The Swiss vote for stricter rules on execuitve pay was sparked by outrage over
a proposed $78 million payment to outgoing chairman of drugs company
Novartis Daniel Vasella (pictured)

‘It emotionalised and it mobilised,’ he said.

Thomas Minder, the businessman-turned-politician behind the campaign, says his proposals are aimed at
ending a culture of short-termism and rewards for managers of badly-run companies rather than just capping salaries.

RELATED ARTICLES

Previous

1

Next

NHS surgeon who delivered Sam Cam’s daughter sued by sixty…

Share this article

Share

Despite threats from some executives, Switzerland is unlikely to
see an exodus of big companies who have previously been drawn to the country
by low taxes, stable politics and business-friendly
laws.

And companies will seek ways around the new rules to
reward executives, just as banks in Europe are looking to soften the impact of a cap
on bonuses for top staff agreed by European politicians on Thursday. 

The Swiss vote comes as the European Union tries to push through a proposal which will mean bankers
bonuses will be capped at a year’s pay and a perk of two years’ salary could only be paid if a
majority of shareholders agreed to it.

Downing Street said Prime Minister David Cameron had ‘real concerns’ about the plans and warned it must
not be allowed to stifle Britain’s role as a global banking centre.

Chancellor George Osborne (left) is expected to argue against the European Union’s plans to cap bankers’ bonuses at a year’s pay.
Prime Minister David Cameron (right) said he had ‘real concerns’ about the plans

The deal must be signed off by EU governments before coming
into force next year but Chancellor George Osborne is expected to argue against it at a meeting of European finance
ministers next year.

Boris Johnson joined the chorus of British opposition, branding the plans ‘deluded’ and ‘self-defeating’.

The London Mayor warned it would simply play into the hands of the City
of London’s overseas.

Mr Osborne is expected to try to block the plans, claiming it would prevent City firms
hiring the best staff, prompting an exodus of top talent to New York.

The deal must still be signed-off by EU governments before coming into
force in 2014 but the UK is struggling to convince other countries it is a bad idea.

If Britain loses its showdown with Brussels, it would mean the most draconian clampdown on fat cats’ perks since the financial crisis of 2008.

Swiss companies accounted for five of the top 10
best-paid chairmen in Europe in 2011, but only the heads of Novartis and
Roche made it into the continent’s top 10 for chief executives.

While anger at multi-million dollar payouts for executives has spread around the globe since the financial crisis,
the Swiss system of direct democracy means populist proposals have a greater chance
of implementation.

Swiss citizens get to vote on a range of topics in up to four national referendums each year.

A few other countries, including the United States
and Germany, have introduced advisory ‘say on pay’ votes in response to anger
over inequality and corporate excess.

Britain is also planning to give shareholders a
binding vote on pay and ‘exit payments’ at least every three years.

The near collapse of flagship bank UBS in 2008 stoked anger among Swiss who blamed its heavy
losses on rewarding bankers to make risky bets

Thomas Minder’s initiative in Switzerland forces binding votes on compensation every year as well as on board composition and would also ban bonus
payments to managers if their companies are taken over.

The plan also includes possible jail sentences and fines for
breaching the new rules.

While Switzerland has fared relatively well through the financial crisis, the near collapse of flagship bank UBS in 2008 stoked anger among
Swiss who blamed its heavy losses on rewarding bankers to make risky bets.

Last year, more than one third of UBS shareholders rejected the bank’s plans for executive pay –
including a 4 million franc signing-on fee for new German chairman Axel Weber – after a
sub-par 2011 profit and a $2 billion rogue trading scandal.

The centre-left Social Democrats are already pushing for another referendum on even tougher
curbs on executive pay – they want to limit the annual compensation of top managers to just
12 times that of their lowest-paid worker.

Here is my blog post … Pay69

Skup nieruchomości to idealna opcja dla tych, którzy potrzebują natychmiastowej gotówki za swoją nieruchomość. Dzięki temu procesowi można uniknąć długotrwałych formalności związanych z tradycyjną sprzedażą skup nieruchomości

Hi, i read your blog occasionally and i own a similar one and
i was just wondering if you get a lot of spam feedback?
If so how do you protect against it, any plugin or anything you can advise?
I get so much lately it’s driving me crazy so any assistance is
very much appreciated.

Look into my web blog Source of information

Peculiar article, just what I wanted to find.

Also visit my web blog – 格安留学

Hey! Someone in my Myspace group shared this site
with us so I came to give it a look. I’m definitely loving the information. I’m bookmarking and
will be tweeting this to my followers! Fantastic blog and great design.

Check out my homepage; CM8

It’s actually a great and helpful piece of info.
I’m glad that you shared this useful information with us.
Please keep us up to date like this. Thank you for sharing. https://cl-system.jp/question/agence-de-referencement-naturel-maximisez-votre-visibilite-en-ligne-103/

Ahaa, its good dialogue about this post here
at this website, I have read all that, so now me also commenting here.

My web page; mau777

I’d love recommendations on what qualifications or qualities you look out for when selecting an ideal fit as a tutor specifically trained in h tutors for students with learning disabilities

My furnace has been making strange noises lately hvac company near me