UBS Shareholder Engagement Presentation Deck
Say-on-pay: compensation-related agenda items.
Binding vote on GEB variable compensation
CHFm
Binding vote on GEB fixed compensation
CHFm
USDm
(5%) in CHF and (10%) in USD adjusted for the direct
impact of the 2021 loss event on specific GEB members
+2%
(3%)
79.8
2021
81.1
2022
87.1
2021
84.1
2022
Rationale
In CHF, GEB variable compensation is +2% overall
and +4% YoY on a per capita basis;
In USD, GEB variable compensation is down 3%
overall and down 1% on a per capita basis;
- Adjusting for the direct impact of the 2021 loss event
on specific GEB members, GEB variable compensation
developments are in line with the Group performance
award pool in USD
33.0
2023
approved
budget
-
0.0%
33.0
2024
proposed
budget
Rationale
No increase to GEB fixed compensation budget vs.
previous year, reflecting planning consistency
Base salaries for Group CEO and other GEB
members are unchanged since instituted in 2011
-
- Also includes role-based allowances¹, estimated
standard contributions to retirement benefit plans,
and other benefits.
Proposed amount also includes a reserve which
provides flexibility in light of potential changes²
Binding vote on BOD compensation
CHFm
Rationale
13.0
0.0%
3
Approved budged
for 2022 AGM
to 2023 AGM
Compensation-related
AGM agenda items
13.0
Proposed budget
for 2023 AGM
to 2024 AGM
No increase to the fee levels for the BoD and no
change to the maximum aggregate amount for BoD
Compensation for the Chairman is approximately
8% lower compared to the previous Chairman
Fee for the new Il-time Vice Chairman role was
absorbed within the existing budget
UBS
1 In response to EU Capital Requirements Directive IV; 2 Includes GEB composition or roles, competitive considerations where potential additional role-based allowances may be required, and other factors
(e.g., changes in FX rates or benefits).
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