Agnes Hoevenaars-Blust
Managing Director, PwC Switzerland
The top 100* Swiss listed companies in the spotlight: In this article, we share with you an overview of the AGM 2023 voting outcomes and the key proxy advisors’ voting recommendations on the compensation motions. We also summarise for you the key findings.
Each year during the AGM season, the dynamics of the Swiss corporate landscape and the vibrant nature of its market players become evident. Executive compensation is in the focus of investors, proxy advisors and the broader public. Over the last years, we observed an increasingly critical voting behaviour on the compensation motions.
Our downloadable overview provides information on the voting trends and highlights potential hot topics. Our goal is to provide you with valuable insights into the current Swiss market developments by updating this voting outcome overview on a regular basis.
Out of the top 100* Swiss companies, 92 have been analysed. The latest key findings are the following:
* The SMI consists of the largest 20 companies (1-20) and the SMIM of the 30 next largest companies (21-50). Together they form the SMI Expanded (1-50). The SPI50 is composed of the remaining 50 companies (51-100) within the 100 largest Swiss listed companies (Top 100). Note that a few companies have multiple share classes listed within the Top 100 (e.g. registered and bearer shares, or registered shares and participation certificates). Consequently, 27 companies are covered for the SMIM and 49 for the SPI50 in 2023.
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Compensation Consultant, People and Organisation, PwC Switzerland
Tel: +41 58 792 42 31