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Switzerland: responsible business initiative fails to garner sufficient support
Planet Labor, 30 November 2020, n°12251 - www.planetlabor.com

In a vote held on Sunday 29 November, a popular initiative in Switzerland that seeks to hold large companies in the country accountable for the actions of their affiliates and suppliers abroad failed to achieve a majority among Swiss cantons, with only 8.5 votes in favour out of 23, despite achieving a slim majority of 50.7% in the popular vote. As a result, a compromise law that is far less restrictive will be voted on. Many believe nonetheless that the result of the popular vote places a certain amount of pressure on Swiss firms.

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