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Vaud Cantonal Council sets new age limits for BCV management positions

The Vaud Cantonal Council has approved a legislative amendment for Banque Cantonale Vaudoise (BCV), establishing a small age limit for members of the Executive Board, requiring resignation at 65 with a possible extension to 68. The Board of Directors will no longer have a 70-year limit, and the maximum terms have been reduced from four to three. The final vote saw 80 in favor, 44 against, and six abstentions.
@lenouvelliste
Banque Cantonale Vaudoise CHE Conseil d'Etat Chairman and members of the Executive Board
TradFi, News Article
17:25 12.11.2024

debate on age limits for banque cantonale vaudoise leadership positions

The Grand Council is debating changes to the age limits for members of the Banque Cantonale Vaudoise (BCV). The government proposes abolishing the 70-year age limit for the Board of Directors and harmonizing the Executive Board's retirement age with bank staff, allowing members to work until 68 with approval. A compromise amendment for the Board of Directors was rejected, while the committee's amendment for the Executive Board was accepted, requiring resignation at 65 but allowing a derogation up to 68. A second debate is expected next week.
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Banque Cantonale Vaudoise CHE Chairman and members of the Board of Directors Conseil d'Etat PLR group Show more
TradFi, News Article
13:10 05.11.2024
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