Bonjour or Gruezi, as we say over here. Great to hear from you recently, and I wondered if you were really up-to-date on how we are governing our lovely Swiss companies these days.

Corporate governance in Switzerland can be divided into two phases: before and after the grounding of Swissair. That was the watershed event, our Swiss Enron wake-up call.

Numerous guidelines have since been published by the Swiss stock market, the Federal Banking Commission and by the economic associations. Swiss shareholders, both direct (small individual investors) and indirect (institutional and pension funds) are now speaking up at annual general meetings, and instigating awkward law suits at a much higher rate.

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