Company law to be modernised
Bern, 28.11.2014 - The acceptance of the initiative "Against Fat-Cat Salaries" in the referendum of March 2013 resulted in the National Council referring the ongoing revision of company law back to the Federal Council. The Federal Council now aims to resume work to modernising the law on companies limited by shares, and bring it into line with the needs of business. It also wishes to codify initiative "Against Fat-Cat Salaries" at federal law level and introduce other, related, changes at the same time. It is also proposing provisions for greater transparency in the extractive industries in Switzerland. On Friday, it referred the preliminary draft of the new legislation for consultation.