Using US data, we find that adopting say-on-pay, a regular non-binding shareholder vote on executive compensation (similar to issue 1 in the Swiss referendum, although it will be a binding vote in Switzerland) and removing staggered boards (similar to issue) along with other corporate governance improvements unambiguously improves firm value on average, as reflected by the stock market.

FORBES: Have The Swiss Gone Cuckoo?

These proceedings have now been brought to a conclusion with the legally binding decision that Google Inc. had, negligently and without authorisation, captured and stored personal data.

ENGADGET: Google fined $190,000 in Germany for illegal WiFi snooping with Street View cars