Audit Committee

The function of the Audit Committee is to serve as an independent and objective body with oversight of:

  1. UBS Group AG’s and the Group’s accounting policies, financial reporting and disclosure controls and procedures;
  2. the quality, adequacy and scope of external audit;
  3. UBS Group AG’s and the Group’s compliance with financial reporting requirements;
  4. the Executives’ approach to internal controls with respect to the production and integrity of the financial statements and disclosure of the financial performance; and
  5. the performance of Group Internal Audit in conjunction with the Chairman.

The Executives are responsible for the preparation, presentation and integrity of the financial statements. External auditors are responsible for auditing UBS Group AG’s and the Group’s annual financial statements and for reviewing the quarterly financial statements.

The Audit Committee members must fulfill special rules indicated in the Organization Regulations of UBS Group AG. It is comprised of following independent members of the Board:

Board of Directors - Portrait  Jeremy Anderson

Jeremy Anderson

Chairperson of Audit Committee / member of the Corporate Culture and Responsibility Committee

Year of initial election to UBS: 2018

Board of Directors - Portrait Michel Demaré

Michel Demaré

Independent Vice Chairman / member of the Audit Committee  / member of the Compensation Committee / member of the Governance and Nominating Committee

Year of initial election to UBS: 2009

Board of Directors - Portrait Ann F. Godbehere

Ann F. Godbehere

Chairperson of the Compensation Committee / member of the Audit Committee

Year of initial election to UBS: 2009

Board of Directors - Portrait Isabelle Romy

Isabelle Romy

Member of the Audit Committee / member of the Governance and Nominating Committee

Year of initial election to UBS: 2012

Board of Directors - Portrait Beatrice Weder di Mauro

Beatrice Weder di Mauro

Member of the Audit Committee / member of the Corporate Culture and Responsibility Committee

Year of initial election to UBS: 2012

The Committee operates under the Audit Committee Charter as described in the Organization Regulations.