Top firms under scrutiny.
Fonction | Financial News |
According to a recent survey, more than a third of Switzerland's top 100 firms have failed to meet corporate governance guidelines set by the Swiss Stock Exchange (SWX).
The Geneva-based funds manger, Ethos, with an interest in socially and ecologically responsible investments has launched an annual "ethics and transparency" ranking of Switzerland's leading companies.
The Ethos rankings are based on corporate governance guidelines recently issued by the SWX. They include: the capital structure of a firm--whether enough of its shares are tradable and whether shareholders enjoy equal voting rights.
Some 71 of the 100 companies surveyed were judged as having "satisfactory transparency". The remaining firms--which included six SMI titles--had failed to conform with SWX standards. informed Ethos.
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