Zurich, 29 April 2020 – UBS Group AG shareholders approved all of the Board of Directors’ proposals at the Annual General Meeting.
Management report and consolidated and standalone financial statements approved
Shareholders approved the management report and the consolidated and standalone financial statements for the financial year 2019 of UBS Group AG (99.08%).
Compensation report approved
Shareholders approved the Compensation Report 2019 with 84.63% in an advisory vote.
Appropriation of total profit and dividend distribution approved
Shareholders approved the appropriation of total profit and an ordinary dividend distribution of USD 0.365 (gross) per share in cash and the appropriation of USD 0.365 (gross) per share to a special dividend reserve (95.78%).
Discharge of the members of the Board of Directors and the Group Executive Board approved
Shareholders approved the discharge of the members of the Board of Directors and the Group Executive Board for the financial year 2019 (excluding all issues related to the French cross-border matter) with 93.65%.
Re-elections of the members of the Board of Directors
The Annual General Meeting confirmed the Chairman of the Board of Directors, Axel A. Weber (92.39%), and fellow Board members Jeremy Anderson (98.48%), William C. Dudley (98.76%), Reto Francioni (98.37%), Fred Hu (89.22%), Julie G. Richardson (97.70%), Beatrice Weder di Mauro (98.99%), Dieter Wemmer (98.89%) and Jeanette Wong (98.82%) for another year.
Election of new members of the Board of Directors
Shareholders elected Mark Hughes (98.74%) and Nathalie Rachou (95.10%) as new members of the Board of Directors for a one-year term.
Election of the members of the Compensation Committee
Shareholders elected Julie G. Richardson (92.85%), Reto Francioni (93.80%), Dieter Wemmer (94.04%) and Jeanette Wong (97.70%) to the Compensation Committee for a one-year term.
Maximum aggregate amount of compensation for the members of the Board of Directors approved
Shareholders approved the maximum aggregate amount of compensation for the members of the Board of Directors from the Annual General Meeting 2020 to the Annual General Meeting 2021 (87.93%).
Aggregate amount of variable compensation for the members of the Group Executive Board approved
Shareholders approved the aggregate amount of variable compensation for the members of the Group Executive Board for the financial year 2019 (83.75%).
Maximum aggregate amount of fixed compensation for the members of the Group Executive Board approved
Shareholders approved the maximum aggregate amount of fixed compensation for the members of the Group Executive Board for the financial year 2021 (91.34%).
Re-elections of the independent proxy and the auditor
Shareholders approved the re-election of the independent proxy ADB Altorfer Duss & Beilstein AG, Zurich, (98.83%), and the auditor Ernst & Young Ltd, Basel, (94.54%).
UBS Group AG
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