UBS proposes maximum aggregate compensation of CHF 13m for BoD members

Maria Nikolova

The Board of Directors proposes maximum aggregate amount of compensation of CHF 13 million for the members of the Board for the period from the 2020 AGM to the 2021 AGM.

UBS Group AG (SWX:UBSG) today published the agenda for its Annual General Meeting (AGM) which is scheduled to take place on April 29, 2020. The items that will be put to vote include the recommended approval of compensation for the members of the Board of Directors and the Group Executive Board from the 2020 AGM to the 2021 AGM.

UBS’s Board of Directors proposes that the maximum aggregate amount of compensation of CHF 13,000,000 for the members of the Board of Directors for the period from the 2020 AGM to the 2021 AGM be approved.

Further, the Board of Directors proposes that the aggregate amount of variable compensation of CHF 70,250,000 for the members of the Group Executive Board for the financial year 2019 be approved.

Also, the Board of Directors proposes that the maximum aggregate amount of fixed compensation of CHF 33,000,000 for the members of the Group Executive Board for the financial year 2021 be approved.

Let’s note that the agenda includes a vote on the proposed re-election of the following members of the Board of Directors:

  • Axel A. Weber as Chairman of the Board of Directors;
  • Jeremy Anderson;
  • William C. Dudley;
  • Reto Francioni;
  • Fred Hu;
  • Julie G. Richardson;
  • Beatrice Weder di Mauro;
  • Dieter Wemmer;
  • Jeanette Wong.

Also, there will be a vote on the proposed election of two new members to the Board of Directors, those being Mark Hughes and Nathalie Rachou.

The Board of Directors proposes the appropriation of total profit and an ordinary dividend distribution of USD 0.73 (gross) in cash per share of CHF 0.10 par value. The ordinary dividend distribution is declared in US dollars. Shareholders whose shares are held through SIX SIS AG will receive dividends in Swiss francs, based on a published exchange rate calculated up to five decimal places on the day prior to the ex-dividend date. The total amount of the dividend distribution will be capped at CHF 5,256 million.

Developments around the coronavirus and measures put in place by Swiss authorities impact the AGM 2020. It will not be possible to physically participate in the AGM. Voting rights can only be exercised through the independent proxy.

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