US Investor Wood Criticizes Swatch and Suggests Board Overhaul, According to FT

Written by Emily J. Thompson, Senior Investment Analyst

Source: Reuters

Updated: Nov 29 2025

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Source: Reuters

Investor Accusations: U.S. investor Steven Wood has criticized Swatch Group for "worst-in-class governance" and is advocating for board and governance reforms instead of pursuing a board seat.
Proposed Reforms: Wood's GreenWood Investors has submitted six proposals to amend Swatch's corporate governance, including allowing bearer shareholders to elect three board representatives.
Company Response: Swatch acknowledged receiving a letter from GreenWood but stated they have not yet received evidence to support GreenWood's legal requirements for placing motions on the agenda for the upcoming Annual General Meeting.
Market Performance: Swatch's shares have significantly declined, leading to its removal from the Swiss Leader Index, and the company has reported disappointing sales, particularly in the Chinese market.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.