Swiss Pay Doesn’t Always Match Company Success, Ethos Says
- Ethos presents annual report on remuneration in Switzerland
- Investor pressure on companies has been increasing: Ethos
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Switzerland continues to see a disconnect between executive pay and company performance three years after voters passed some of the world’s strictest limits on compensation, according to a study by corporate governance group Ethos.
While the so-called fat-cat initiative has helped to improve transparency, absolute amounts paid to top managers and the boards of companies in the Swiss Performance Index in 2015 were up 2 percent, according to Ethos’s annual study of Swiss firms.