Victorious executive pay campaigner sets sights on Swiss central bank

Zurich

THE man who defied Switzerland's establishment and pushed through restrictions on executive pay has a new pet project: Changing the way the Swiss National Bank operates.

After the central bank's decision to allow the franc to float freely again probably drove the economy into recession, Swiss politician Thomas Minder wants the institution's governing board to be expanded from its current three members. He has introduced an initiative in parliament to kick-start the change, which also includes appointing the board by lawmakers instead of the government.