Overview

As the first decade of the 21st century draws to a close, the time has come to take stock: a lot has changed in the Swiss corporate governance landscape over the past 10 years.

First, the takeover regulation which came into force in 1998 has provided the basis for a number of takeovers of listed companies, many of them unsolicited. Second, the rise in shareholder activism outside of takeover situations has had a profound impact on the governance of Swiss-listed companies. Third, the recent corporate crises in Switzerland have had their effects on the perception of the role of a Swiss corporate board, especially with regards to board composition and the agenda a Swiss board should pursue.

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