"Swiss lawmakers will now have to draft a law giving shareholders the right to hold a binding vote on all compensation for company executives and directors. The law will also ban "golden hellos" and "goodbyes" - one-off bonuses that senior managers sometimes receive when joining or leaving a company."
"It also promotes greater corporate transparency, for example by requiring that all loans to executives be declared (ex.CHK) and forcing pension funds to tell their members how they voted at shareholder meetings."
I'm buying stock in Swiss companies from now on. I bet Swiss company profits will be going up from here. I wish Americans would Wake Up and see how many corporate executives in the United States have under performed and have been over payed for decades and that this is the real reason this country is falling apart. Read about the "The Dollar-A-Year-Men" these CEO's and executives are who made America great not the Crooks who run must companies these days..