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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?
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Others face a similar issue: on April 13th, Britain's BT announced a huge restructuring and a new European expansion strategy.
ECONOMIST: The world beyond Deutsche Telekom | The
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At the time, it was fun to speculate which country might be next (Germany had interest in the concept), including whether the US might seriously consider a similar proposal since studies on the issue were already being conducted.
FORBES: Is a Tax by the Mile Coming Down the Road?