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Swatch Shareholders Again Reject Activist Board Push

The Swatch Group AG shareholders voted down an activist investor's second attempt to secure board representation, preserving the Hayek family's control of the Swiss watchmaker. The rejection reflects the influence wielded by founding families in European luxury goods firms, where concentrated ownership structures often withstand external challenges. Activist campaigns remain a fixture in corporate boardrooms globally. Bank of America secured shareholder approval for its full slate of director nominees, while other major companies faced ongoing pressure from activist holders seeking operational changes.