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UBS rated top in corporate governance in Switzerland

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UBS rated top in corporate governance in Switzerland

UBS has taken top place in a survey on the quality and transparency of corporate governance at 100 leading Swiss companies. The survey was conducted by the Ethos Investment Foundation, a consortium of about 90 Swiss pension funds dedicated to sustainable investment practices.

Published on October 7 and entitled "Corporate Governance: A Challenge for Swiss Companies", the survey rated companies on the quality of their financial disclosure, capital structure, board of directors, and auditing practices, among other criteria.

"The leaders in corporate governance are the companies that comply equally with the SWX (Swiss stock exchange) directive requirements concerning transparency, and with principles of best practice in corporate governance," commented the authors of the report in the press release accompanying the survey. "In this respect, UBS, Swiss Re, CS Group, Unaxis and Zurich Financial Services lead the way."