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.
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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