Ethos Foundation comments the Swiss Government for having proceeded to a hearing on its Ordinance for the application of the Minder popular initiative “against excessive remuneration”.

This initiative was massively approved by the Swiss people on March 3 2013 and gives shareholders significant rights with regard to board and executive remuneration. Ethos has published a detailed position on the Ordinance draft, in particular regarding the obligation to vote for Swiss pension funds, the formulation of which it considers unsatisfactory.