Insights

Based on an analysis of the 2026 Annual General Meeting season across Swiss Performance Index (SPI) companies, the latest HCM Say-on-Pay Report examines shareholder voting outcomes and key developments in executive and Board remuneration. The findings highlight continued strong shareholder support for remuneration proposals, stable remuneration levels, prudent use of approved compensation budgets, and the ongoing evolution of governance practices.

• Executive and Board remuneration remained broadly stable year-on-year.
• Companies continued to make prudent use of shareholder-approved executive compensation budgets, utilizing on average 75% of the approved amounts.
• Shareholder support for remuneration proposals remained strong, with average approval rates of 91.7% for executive compensation and 94.8% for Board compensation.
• Governance practices continued to evolve, with 63% of SPI companies incorporating sustainability metrics into executive incentive plans and 46% maintaining clawback provisions.
• Compensation reports received an average approval rate of 87.8%, although 16% of companies fell below the commonly referenced 80% support threshold.

The report offers current benchmarks on Say-on-Pay voting outcomes, high-level executive and Board remuneration, compensation budgets, and governance practices, enabling companies to evaluate shareholder sentiment and compare their remuneration practices against the broader Swiss market following the 2026 AGM season.

Download the full report on GETCOMPIA.