UBS AG shareholders re-elected the existing members of the Board of Directors proposed for re-election and also elected Isabelle Romy, Beatrice Weder di Mauro and Axel A. Weber to the Board for the first time at the Annual General Meeting on May 3, 2012. Following the meeting, the Board of Directors appointed Axel A. Weber its Chairman, as was its intention in the event of his election.
At the Annual General Meeting (AGM) on May 3, 2012, UBS AG shareholders approved the annual report and the Group financial statements for 2011. They further approved the distribution of CHF 0.10 per share out of capital contribution reserves (99.05%).
Shareholders rejected the proposals to increase the conditional capital from CHF 14,863,932.60 to CHF 30,000,000 and to amend the wording of Article 4a para. 1 of the Articles of Association to permit the delivery of shares out of the conditional capital to satisfy awards granted under employee share plans (62.01%). To fulfill its obligations to employees under these plans, UBS will continue to acquire the necessary shares on the market.
In an advisory vote, shareholders voted by a 60.07% majority to ratify the 2011 compensation report.
The shareholders discharged the members of the Board of Directors and the Group Executive Board for the financial year 2011 (52.84%).
Elections to the Board of Directors
The AGM re-elected Michel Demaré (98.35%), David Sidwell (97.77%), Rainer-Marc Frey (97.71%), Ann F. Godbehere (96.11%), Axel P. Lehmann (98.28%), Wolfgang Mayrhuber (95.27%), Helmut Panke (96.33%), William G. Parrett (97.69%) and Joseph Yam (98.36%) to the Board of Directors and elected Isabelle Romy (99.13%), Beatrice Weder di Mauro (99.17%) and Axel A. Weber (98.84%) to the Board for the first time.
Following the AGM, the Board of Directors appointed Axel A. Weber Chairman of the Board of Directors, as was its intention in the event of his election. Michel Demaré remains Vice Chairman and David Sidwell Senior Independent Director.
Detailed curricula vitae for all of the members of the Board of Directors are available atwww.ubs.com/bod.
UBS thanks the outgoing Chairman of the Board of Directors, Kaspar Villiger, and outgoing Board member Bruno Gehrig for their invaluable services and contributions to the firm. The Board of Directors wishes Mr. Villiger and Mr. Gehrig all the best for the future.
3,443 shareholders attended the AGM, representing 1,635,146,936 votes.
bruno gehrig, william g. parrett, rainer-marc frey, michel demar, david sidwell, wolfgang mayrhuber, ann f. godbehere, beatrice weder di mauro, kaspar villiger, axel a. weber, helmut panke, joseph yam, isabelle romy, axel p. lehmann, group executive board, board of directors and the group, board of directors, the group, ubs ag, invaluable services, chf, tax evasion, annual general meeting, board of directors, board member, outgoing chairman, vice chairman, chairman, annual general, senior independent director, outgoing chairman of the board of directors, chairman of the board of directors
News: Changes To The UBS Board Of Directors - Beatrice Weder di Mauro and Isabelle Romy to be nominated for election to UBS Board of Directors at the Annual General Meeting on 3 May 2012 - Bruno Gehrig will not stand for reelection to the UBS Board
765 days ago,(2012/02/03) - News Articles
The UBS Board of Directors will nominate Beatrice Weder di Mauro and Isabelle Romy for election as new members of the Board at the Annual General Meeting of Shareholders on...
710 days ago,(2012/03/29) - News Articles
UBS AG today published the agenda for the Annual General Meeting of Shareholders (AGM) on 3 May 2012. The agenda items are as follows: 1. Annual report, Group and Parent...
News: UBS Announces Changes To The Group Executive Board - Andrea Orcel Appointed Co-CEO Of UBS Investment Bank Alongside Carsten Kengeter - Alex Wilmot-Sitwell, Currently Co-CEO Of Asia-Pacific Region (APAC), Appointed Chairman Of UBS Investment Bank - Chi-Won Yoon Appointed Sole Chairman And CEO Of Asia-Pacific
717 days ago,(2012/03/22) - News Articles
UBS today announced a number of changes to its Group Executive Board. Andrea Orcel, currently Executive Chairman of Bank of America Merrill Lynch, will join UBS and jointly wi...
News: NASDAQ OMX Helsinki Disciplinary Committee Imposed A Warning To Finnair Oyj For Breaching The Rules Of The Stock Exchange
633 days ago,(2012/06/14) - News Articles
The Disciplinary Committee of NASDAQ OMX Helsinki (the “Exchange”) has imposed a warning to Finnair Plc (trading code: FIA1S) due to the breach of the Rules of the...
News: London Stock Exchange Group Plc : Announcement Of Preliminary Results Of London Stock Exchange Group Plc For The Year Ended 31 March 2012
660 days ago,(2012/05/18) - News Articles
Excellent progress in delivering growth and diversification strategy Scale, scope and reach of Group transformed through organic growth and acquisitions Strong financial pe...
646 days ago,(2012/06/01) - News Articles
A total of 2,947,101 transactions were conducted on SIX Swiss Exchange and Scoach Switzerland in May 2012. This represents an increase of 11.9% compared with April. All of the...
256 days ago,(2013/06/26) - UBS.
UBS Quant HQ expands its 'open architecture' model to offer quantitative trading clients access to the latest innovation in low-latency pre-trade risk management tools "R...