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UBS Homepage > Investor Relations > Corporate Governance > Compensation

Compensation, shareholdings and loans
Compensation, shareholdings and loans

The principles of compensation for UBS senior executives are designed to align their interests with those of shareholders – the creation of long-term value and sustainable shareholder returns. These principles are established by the human resources and compensation committee of the Board of Directors.

  • UBS’s compensation principles for senior executives were extensively reviewed in 2008

  • New compensation principles are effective from 2009 onwards

Compensation for 2008Compensation principles 2009

  • Total senior executive compensation decreased 77% in 2008.

  • No incentive award or discretionary stock options were granted to the Chairman and executive members of the Board of Directors nor to the members of the Group Executive Board in reflection of UBS’s negative financial performance for the year.

  • These will align compensation with the creation of sustainable shareholder returns through sound risk taking; promote a performance-driven culture with a long-term view to results and shareholder interests; and support the firm’s focused business strategy.

  • These principles include a “malus” system for cash awards as well as performance conditions for equity awards.

  • A non-binding vote on executive compensation will be held at the annual general meeting to be held in April 2009.

Compensation report 2008UBS's compensation decisions 2008 (10 February 2009)

Compensation report 2008 (issued on 11 March 2009)

Page last updated: May 20, 2009, 2:23 PM

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