Corporate Governance

The corporate governance principles of UBS are designed to lead the firm towards sustainable growth and protect the interests of its shareholders, as well as to create value for shareholders and stakeholders.

Overview

UBS is subject to, and acts in compliance with, all relevant Swiss legal and regulatory requirements regarding Corporate governance, including the SIX Swiss Exchange’s (SIX) Directive on Information Relating to Corporate Governance, as well as the standards established in the Swiss Code of Best Practice for Corporate Governance, including the appendix on executive compensation. In addition, as a foreign company with shares listed on the New York Stock Exchange (NYSE), UBS is in compliance with all relevant corporate governance standards applicable to foreign listed companies.

UBS operates under a strict dual board structure, as mandated by Swiss banking law. The separation of responsibilities between the Board of Directors (BoD) and the Group Executive Board (GEB) is clearly defined in the Organization Regulations of UBS AG. The BoD decides on the strategy of the Group upon the recommendation of the Group Chief Executive Officer (Group CEO), and supervises and monitors the business, whereas the GEB, headed by the Group CEO, has executive management responsibility. The functions of Chairman of the BoD and Group CEO are assigned to two different people, thus ensuring a separation of power. This structure establishes checks and balances and preserves the institutional independence of the BoD from the day-to-day management of the firm, for which responsibility is delegated to the GEB under the leadership of the Group CEO. No member of one board maybe a member of the other.

Board of Directors

Board of Directors

The Board of Directors (BoD) has ultimate responsibility for the success of the UBS Group and for delivering sustainable shareholder value within a framework of prudent and effective controls.

Group Executive Board

Group Executive Board

Under the leadership of the Group Chief Executive Officer (Group CEO), the Group Executive Board (GEB) has executive management responsibility for the UBS Group and its business.