ZURICH, April 11 Influential U.S. proxy adviser
Institutional Shareholder Services (ISS) has advised Credit
Suisse shareholders to vote against proposed bonuses
for the Swiss bank's executive board totalling almost 80 million
Swiss francs ($79.4 million).
This follows similar recommendations from other proxy
advisers Glass Lewis and Ethos.
A Credit Suisse spokeswoman said on Tuesday the bank took
note of the recommendations and that it respects shareholder
Executive pay is a hot-button issue in Switzerland, with
voters backing a "fat cat" referendum in 2013 giving
shareholders the option of blocking executive payouts, although
such revolts remain rare.
($1 = 1.0081 Swiss francs)
(Reporting by Joshua Franklin and Oliver Hirt; Editing by