Abstract
The passage of the Minder Initiative refer-endum in 2013, and the subsequent legislation to be introduced in Switzerland, will give shareholders more control over board and executive pay in the future. Swiss voters will also have an opportunity to vote on even stronger pay restrictions when the 1:12 Initiative comes to a public referendum in November. Meanwhile, the German parliament is debating a law that could introduce binding say-on-pay voting in Germany for 2014.
