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Print articleNew Corporate Governance Rules for Swiss Public Companies
April, 2013 - Lucas Hänni and Alexander Nikitine
On 3 March 2013, the Swiss electorate approved the Minder Initiative, which will fundamentally change the legal framework on executive compensation and other corporate governance matters for Swiss public companies. The implementation of the Minder Initiative will be the task of the Federal Council and the Swiss Parliament. While many aspects around such implementation will remain unclear for the months and years to come, the new rules will definitely require substantial changes to the Articles and other company documents.
Requirements of Minder Initiative –
New Paragraph 3 of Article 95 of Swiss Federal Constitution According to the Minder Initiative, introducing a new paragraph 3 of article 95 of the Swiss Federal Constitution («FC»), Swiss (and only Swiss) companies whose equity securities are listed on a Swiss or foreign stock exchange need to brace themselves for the following key changes:
