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UBS publishes agenda for the Annual General Meeting of UBS Group AG on 4 May 2017
Zurich, 3 April 2017 – The Board of Directors of UBS Group AG is proposing Julie G. Richardson for election as a new member of the Board of Directors for a one-year term. Julie G. Richardson (born 1963) was a Partner and Head of the New York Office of Providence Equity Partners from 2003 to 2012, a global private equity firm specializing in equity investments in media, communications, education and information companies. She acted as a senior advisor to the partnership until 2014. From 1998 to 2003, Julie G. Richardson served as Vice Chairman of JPMorgan Chase & Co.’s Investment Banking division and Head of its Global Telecommunications, Media and Technology group. She started her career with Merrill Lynch in 1986, where she worked until 1998, in her last position as Managing Director Media and Communications Investment Banking. Julie G. Richardson graduated with a bachelor’s degree in business administration from the University of Wisconsin-Madison.
Chairman of the UBS Board of Directors Axel Weber: “I am delighted to announce the nomination of Julie G. Richardson for election to the Board of Directors. We are convinced she has the specialist knowledge required to strengthen the UBS Board of Directors and – subject to her election – will provide invaluable skills, experience and expertise.”
Joseph Yam has decided to step down from the Board of Directors at this year's Annual General Meeting (AGM) for personal reasons. He has been a member of the Board since 2011 and was a member of the Corporate Culture and Responsibility Committee and the Risk Committee. Chairman Axel Weber, said: "Joseph Yam's experience as a former regulator in the vital Asian market brought important impetus to the Board, where he engaged actively for a sustainable strategy. The Board thanks him for his valuable collaboration."
Chairman Axel Weber and the other members of the Board of Directors will stand for re-election for a further one-year term.
The UBS Group AG Board of Directors intends to propose to shareholders an ordinary dividend of CHF 0.60 per share for the financial year 2016, unchanged compared with the previous year.
Proposals for compensation of the Board of Directors and the Group Executive Board
At the AGM 2017, shareholders will be asked to vote on the variable compensation for the Group Executive Board for 2016, the fixed compensation for the Group Executive Board for 2018 and the compensation for the Board of Directors for the period from the AGM 2017 to the AGM 2018.
As in previous years, there will also be an advisory vote by shareholders on the current compensation report, which outlines UBS’s compensation strategy and principles, governance and practice.
The advisory vote and the binding votes on compensation provide the Board of Directors with valuable feedback on the firm’s compensation policy and reflect its commitment to transparent say-on-pay for shareholders.
Agenda for the Annual General Meeting 2017 of UBS Group AG
- UBS Group AG management report and consolidated and standalone financial statements for the financial year 2016
1.1. Approval of the UBS Group AG management report and consolidated and standalone financial statements
1.2. Advisory vote on the UBS Group AG Compensation Report 2016
- Appropriation of retained earnings and distribution of ordinary dividend out of capital contribution reserve
- Discharge of the members of the Board of Directors and the Group Executive Board for the financial year 2016
- Approval of the aggregate amount of variable compensation for the members of the Group Executive Board for the financial year 2016
- Approval of the maximum aggregate amount of fixed compensation for the members of the Group Executive Board for the financial year 2018
6.1. Re-election of members of the Board of Directors
6.1.1. Axel A. Weber as Chairman of the Board of Directors
6.1.2. Michel Demaré
6.1.3. David Sidwell
6.1.4. Reto Francioni
6.1.5. Ann F. Godbehere
6.1.6. William G. Parrett
6.1.7. Isabelle Romy
6.1.8. Robert W. Scully
6.1.9. Beatrice Weder di Mauro
6.1.10. Dieter Wemmer
6.2. Election of a new member to the Board of Directors: Julie G. Richardson
6.3. Re-election of the members of the Compensation Committee
6.3.1. Ann F. Godbehere
6.3.2. Michel Demaré
6.3.3. Reto Francioni
6.3.4. William G. Parrett
- Approval of the maximum aggregate amount of compensation for the members of the Board of Directors from the Annual General Meeting 2017 to the Annual General Meeting 2018
8.1. Re-election of the independent proxy, ADB Altorfer Duss & Beilstein AG, Zurich
8.2. Re-election of the auditors, Ernst & Young Ltd, Basel
The invitation to the AGM as well as explanatory information on individual agenda items is available on the UBS website via the following link: www.ubs.com/agm. Voting results will also be uploaded to the website during the AGM.
The UBS Group AG AGM will take place at the Messe Basel on 4 May 2017 and begins at 10:30 a.m.
Participation by media representatives
Representatives of the media may register to attend the UBS Group AG AGM by returning the invitation on page 4 by 24 April 2017 at the latest.
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