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Swiss back curbs on executive pay in referendum

3 March 2013 Last updated at 19:43 GMT

Swiss voters have overwhelmingly backed proposals to impose some of the world's strictest controls on executive pay, final referendum results show.

Nearly 68% of the voters supported plans to give shareholders a veto on compensation and ban big payouts for new and departing managers.

The vote came just days after the EU approved measures to cap bankers bonuses, as Theo Leggett explains.