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Home » Economic Geography, Elections, Europe, GeoNotes

Mapping the 2013 Swiss Referendum: Executive Compensation

Submitted by on March 23, 2013 – 7:38 pm 11 Comments |  
Switzerland Executive Compensation Election Map2In the Swiss referendum of 2013, voters overwhelming approved a measure to limit executive compensation. Despite the fact that opponents outspent proponents 40 fold, and despite warning that the move would “undermine the country’s investor-friendly image,” 68 percent of voters approved the initiative.

As specified by the Wikipedia, the measure will:

  • require an annual vote by shareholders for the president and other members of the management board of directors, members of the remuneration committee, and any advisory board and executive officers of the organisation.
  • require the articles of association to include bonus schemes and pay plans for directors and executive officers, any loans granted to such employees, the number of mandates outside the organisation, and the duration of employment contracts of executive officers.
  • ban advance and severance packages.
  • ban corporate proxy and the representation of shareholders by depository banks.
  • requires pension funds to disclose the way it votes, and to vote in the interests of pension policyholders.

The geographical patterns revealed by the vote on this measure are not pronounced. All parts of the country voted in favor the measure, although support varied from tepid to overwhelming, as can be seen on the map. But unlike the family law issue, spatial generalization about the voting pattern are not easy to make, whether in regard to language or the degree of urbanization. Nor is there any correlation with religion, as can be seen in the map below. At the canton level, the central cantons that formed the original core of the Swiss state were slightly less inclined to support the measure than most of the rest of the country, but that is about all that one can conclude.

Switzerland Executive Compensation Election Map1This Electoral Politics map does, however, depict differences at the district level, unlike yesterday’s map of the family-law measure, which showed only the canton level. Here we can see profound disparities across Bern, Switzerland’s second-most populous canton. The French-speaking area in the north, Bernese Jura, overwhelmingly supported the measure, whereas Obersimmental-Saanen in the southwest barely gave it a majority of its votes. Intriguingly, Obersimmental-Saanen includes Gstaad, described by the Wikipedia as “a major ski resort and a popular destination amongst high-class society and the international Jet set” that also hosts “some of the world’s most prestigious and academically intensive boarding schools, such as Institute Le Rosey and Gstaad International School.”

Switzerland Bern Religion MapIn central Switzerland, Obwalden canton also saw a close contest. This area is noted for its fiscal conservatism. As the Wikipedia states, “In 2007 Obwalden replaced the former degressive income tax (lower tax rates for higher incomes) with a flat 1.8% income tax, which is the lowest in the country.”

 

 

 

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  • RightPaddock

    Unsurprisingly Zug was also luke-warm.

    I wish Google wouldn’t translate Zug as Train. Not even the Swiss had any Trains when Zug was founded more than a 1,000 years ago. I believe it means something like ‘good fishing here’ in the language of the time.

    rp

    • http://www.pereltsvaig.com Asya Pereltsvaig

      Thanks for pointing that out. Interesting etymology for Zug. According to my Swiss cookbook, Zug is famous for a special sort of fish called roteli and caught only in November…

  • TimUpham

    What is the literature being produced in Romansch? I assume they have a Bible, but what else is there?

    • http://www.pereltsvaig.com Asya Pereltsvaig

      It is used for education, so I assume there’s textbooks and other children’s literature. Anything else, I am not sure.

    • RightPaddock

      There’s a newspaper – La Quotidiana, And a Romansch Language & Literature course at Zurich U

      • TimUpham

        You cannot use television, because in European countries the vast majority of their television comes in from the United States. That is the reason why Europeans are so fluent in English. Also, when I was in Ireland, there was only 1 Irish language television station. Really, the only programming they have in Europe, in the native language, are news shows, game shows, and childrens shows.

        • http://www.pereltsvaig.com Asya Pereltsvaig

          Who said anything about television? Besides, if there is TV in Romansch, I doubt very much it comes from the US. As for other countries, many show even American films and shows dubbed rather than subtitled…

          • TimUpham

            Romansch language television does not come in from the United States, it comes from a television station in Switzerland. It is probably limited to the news. American motion pictures are not dubbed, they are subtitles. I have watched a deal great of European television, and the cast is not speaking the native language. They are speaking English, with Dutch subtitles (in the Netherlands and northern Belgium that is).

          • http://www.pereltsvaig.com Asya Pereltsvaig

            Try French TV. Kinda odd to see Arnold Schwartznegger “speaking French” (dubbed).

          • TimUpham

            If it is something like an old movie, i.e., “Gone With The Wind,” the local station owns it, so it can be dubbed. Arnold Schwartznegger has not made a movie in years. Or reruns of “I Love Lucy,” I have seen that dubbed into Swedish. But a recent film like “Argo,” they will be seeing in English with subtitles. Ten years from now, a local station will own it, and it will be dubbed into the native language. But go to an international film festival, and you can see some fantastic movies made in Iceland and Burkina Faso for example. I have seen two great movies made in Mali.

  • TimUpham

    Radiotelevisium Svizra Rumantscha handles all Romansch language radio and television broadcasts in Switzerland. So this where their evening news comes from, as well as their game shows, and childrens programming. I wonder what “I Love Lucy” sounds like in Romansch?