UBS Shareholder Engagement Presentation Deck
Motion to discharge BoD and GEB for financial year 2022
Motion
- The Board of Directors proposes that discharge of the members of the Board of Directors and the Group Executive Board for the financial year 2022 be
granted, excluding all issues related to the French cross-border matter
Explanation
– The Board of Directors acknowledges that the judgment in the French cross-border matter issued in February 2019 contributed to shareholders not granting
the discharge at the 2019 AGM
- On 13 December 2021, the French Court of Appeal reduced aggregate penalties and damages to EUR 1.8bn from EUR 4.5bn aggregate penalties and
damages awarded by the Court of First Instance in France in February 2019. UBS has taken additional provisions for this matter of EUR 650m, bringing the
total provisions for this matter to EUR 1.1bn as of 31 December 2022
- UBS has appealed the decision of the French Court of Appeal. As a result, the ongoing proceedings in France may still be considered too much of an
uncertainty in the context of the grant of discharge. Therefore the Board of Directors proposes that discharge for the 2022 financial year be granted with the
explicit exclusion of all issues related to the French cross-border matter
French cross-border matter stakeholder update (first published 21 January 2020, with an addendum published on
20 December 2021 on ubs.com/investors)
UBS has compiled and published a report on the French cross-border matter to answer some of the most common questions that
its shareholders, clients and employees have asked after the judgment was issued.
UBS
UBS
French cross-
border matter
An update shead of US's 2020 Annual General Meeting
in response to questions asked by UBS thachoider, clents
and employees
UBS
dat inab ullaL
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