LIMITATION OF DIRECTORS "BONUSES" VOTED IN SWITZERLAND !!!

Nobody really expected the "votation" by Swiss electors for exhorbitant company "Bonuses" to be controlled by legislation. 

This vote covers Banks as well as any of the 270 Swiss companies quoted on Swiss Stock Exchanges.

However, countries in the EU will have to take heed of how the ultimate legislative conditions in Switzerland  could or can be applied !!!  Now it is Switzerland that leads the way and it has become an example of what should also be done in the EU !!!

Will David Cameron, the Prime Minister of Great Britain, lead the way to provoke an effective reform in the EU ?  Will EU leaders be prepared to change the current uncontrolled conditions of engagement "bonuses" and severance conditions ?  Company laws on this subject must be modernised to return to shareholders the right to vote and to control the emoluments of Directors !!!

A special audit certificate will probably be necessary for Banks and Companies which have multiple foreign subsidiaries and investments !!!  One must ensure that Directors' income from all sources are reported to Shareholders !!!  Any infringements by Directors must be penalised by imprisonment or financial penalties. 
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