Seeking Alpha

Nestle moves to comply with new Swiss law over pay

  • Nestle (NSRGF) plans to change its corporate-governance rules to comply with new Swiss laws, and will allow shareholders to have a binding vote on the aggregate compensation of the company's executive committee and board.
  • Nestle will also enable investors to vote directly for the chairman, and it will hold annual elections for directors; until now, board members have served three-year terms.
  • The food giant cut the compensation of CEO Paul Bulcke by 6.7% to 9.3M Swiss francs ($10.6M) last year after the company missed a long-term sales target and growth slowed.
  • Letter to shareholders
  • Annual report
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs