As expected, Swiss voters have approved an "anti-fat cat" initiative that allows investors to...

|By:, SA News Editor

As expected, Swiss voters have approved an "anti-fat cat" initiative that allows investors to hold binding votes every year on executive pay at listed companies, and enable them to block large payouts at the start and end of a manager's employment. Executives who break the new law could face hefty fines and up to three years in jail.