Representatives of the business sector, institutional investors and proxy advisers have joined forces in drawing up a set of “Guidelines for institutional investors governing the exercising of participation rights in public limited companies”. With this move, the authors are demonstrating a clear commitment in favour of targeted self-regulation. Alongside the “Swiss Code of Best Practice for Corporate Governance” (“Swiss Code”), which is addressed to companies listed on the stock market, these Guidelines supplement the existing self-regulation instruments relating to good corporate governance in the area of participation rights. In this way, the Swiss economy is able to position itself among the leading financial centres in this area.
Press release: http://www.economiesuisse.ch/…/MM_integral_20130121.pdf