Say on pay
1092-en RE420 Company Law As of 11.07.2026
Say on pay denotes the mandatory vote of the general meeting on the remuneration of the board of directors, executive management and advisory board of listed companies. It originates in the popular initiative 'against rip-off salaries' adopted in 2013 (Art. 95 para. 3 Federal Constitution), first implemented in the Ordinance against Excessive Remuneration and, since 2023, in Art. 735 et seq. CO. The vote is annual and binding; prospective votes on variable remuneration require an advisory vote on the remuneration report.
Deutsch
Say on Pay 1092-de
Say on Pay bezeichnet die zwingende Abstimmung der Generalversammlung über die Vergütungen von Verwaltungsrat, Geschäftsleitung und Beirat börsenkotierter Gesellschaften. Grundlage war die 2013 angenommene Volksinitiative 'gegen die Abzockerei' (Art. 95 Abs. 3 BV), zunächst umgesetzt in der VegüV, seit 2023 in Art. 735 ff. OR. Die Abstimmung ist jährlich und bindend; prospektive Abstimmungen über variable Vergütungen verlangen eine Konsultativabstimmung über den Vergütungsbericht.
Suggested citation
Say on pay (1092-en), in: LAWPEDIA®-Glossar, provided by LAWCONSULT AG, www.lawconsult.ch/lawpedia/en/say-on-pay, as of: 11.07.2026 [accessed on …].
The entries in the LAWPEDIA® glossary serve general information purposes and do not constitute legal advice. Despite careful preparation, LAWCONSULT AG accepts no liability for the accuracy, completeness or timeliness of the information.