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Making TV. In November, western Swiss television showed its miniseries quarter of banques. In six episodes she tells what happened in year 2012 of fictitious Geneva private bank Gangier Cie. When American authorities cracked Swiss banking secrecy.
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It was total mess.
Banque’s district is great television. Gripping and yet close to reality. The series shows how fast it was that bankers were bent on how y betrayed ir principles, which y had maintained for decades, just to save ir house and ir skin. Without sacrifice, none of this went. Corpses pave way to white money strategy, at least on TV.
This fate now wants to save a popular petition from rest of Swiss economy. Especially commodity companies and trading houses. After all, one third of world’s oil deals are handled through Switzerland, and 70 percent of world’s gold is refined here.
The so-called Corporate Responsibility Initiative (KOVI) requires companies to take a comprehensive diligence examination. She wants to take it on duty: not only for what happens in her headquarters in Zug, Geneva or in Ticino, but also for her actions in far-off countries. In Africa or Asia.
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No matter where in world Swiss companies are, y should comply with social and environmental standards adopted unanimously by United Nations in year 2011.
This article dates back to time No. 52/2017. Here you can read entire output.
If y do not do so, if ir copper and cobalt mines continue to pollute rivers in Congo, if Ivory Coast and Ghana continue to have children on cocoa plantations, if oil traders trade with sulphurous diesel in Africa or a Basler Agro-Multi in Philippines sells a herbicide that has long been banned in Europe, n se misconducts should be able to be sued in a Swiss court. Irrespective of legal situation in country concerned. Regardless of wher mor or one of its subsidiaries or a major supplier is involved.
However, it would only be a guilty verdict if judges could prove to companies a lack of care. This gave m an incentive to do right thing. So idea.
The Swiss voters sympathize with initiative. 70 percent support Kovi, while in western Switzerland it is even over 90 percent. That’s what first poll showed. Sure, it’s rarely meaningful. The issue has not yet been dealt with in Parliament in final. National and state councils are still arguing wher y want to come to bill with a weakened counter-proposal. Something that y do only if y trust a popular petition to have too good a chance in a vote, rar than simply ignoring concern.
