rip-initiative: control with a sense of proportion
Die Abzocker-Initiative, die primär wegen einzelnen Verfehlungen von Grossunternehmen initiiert wurde, jedoch auch für weitere Unternehmen Gültigkeit haben soll, enthält gefährliche Komponenten. Dies trifft auch auf den SVP-Gegenvorschlag zu. Aus meiner Sicht sind primär zwei Aspekte vorsichtig zu beachten:
Abstimmungen zur Salärfrage: Der SVP-Gegenvorschlag wants a mandatory annual vote on the remuneration of directors and management (basic salary for the coming term of office, bonus for the previous year). On the one hand, this constitutes a blending of skills, and it is questionable why the shareholders, "their" trust no Board compensation policy that is in their favor. Because: When hype, the General Assembly the Board has the option to not confirm. On the other hand, the question of practicality. What happens, for example, if the compensation is not absegnet GV? Does it therefore an extraordinary general meeting? Does the company already oriented compensation claim back? And what is being dealt with if middle of the year, a new manager must adjust the wage beyond the framework of the previous GM?
Proxy Voting: The counter-proposal aims to shareholders registered as a nominee name not be represented by third parties. The ban on proxy voting can result in major Swiss companies to significantly reduce the turnout. This facilitates minority shareholders, with only 15% of the vote a GM to dominate. I consider this so dangerous, as this hostile takeovers by foreign companies would be simplified.
I do not see it so negative that, in large Style Swiss companies moving, as the relocation of the seat requires a change of the articles is to be blessed by the GA. But it is certainly so that this regulation for foreign companies on site selection has a deterrent effect. I am also of the opinion that there is something to take to prevent the gross misconduct in the future. This, however, increase with a sense of proportion and an adequate regulatory attack in which the business location Switzerland does not weaken the long term. The business location must not be weakened for opportunistic considerations of some players to the 2011 elections.
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