ies (Nestle, UBS and Credit Suisse) have voluntarily agreed to stage a so-called “shareholder advisory vote”, in which the shareholders will accept or reject the companies’ executive remuneration policies. The vote is not binding, but is envisaged as providing an important signal of shareholder support, or disapproval. The vote is the brainchild of the Ethos Foundation for sustainable development, an independent lobby group set up in 1997 by two Geneva-based pension funds. (Ref. 090096)
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