Who is ubs external auditor




















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Share Buttons Close Share Print. Back to top. The Risk Committee is responsible for monitoring our adherence to those risk principles and monitoring whether business divisions and control units maintain appropriate systems of risk management and control.

Although under NYSE standards only audit committees supervise internal audit functions, the Chairman of the BoD the Chairman and the Audit Committee share the supervisory responsibility and authority with respect to the internal audit function.

NYSE standards require the aforementioned committees to submit their reports directly to shareholders. However, under Swiss law all reports to shareholders, including those from the aforementioned committees, are provided to and approved by the BoD, which has ultimate responsibility to the shareholders.

NYSE standards require shareholder approval for the establishing of and material revisions to all equity compensation plans. However, as per Swiss law, the BoD approves compensation plans. Shareholder approval is only mandatory if equity-based compensation plans require an increase in capital. No shareholder approval is required if shares for such plans are purchased in the market. As a general rule for a Board of Director BoD member to be considered independent, he or she may not have any material relationship 1 with UBS 2 , either directly or as a partner, controlling shareholder or executive officer 3 of a company that has a material relationship with UBS.

These criteria are as follows:. All Audit Committee and Risk Committee members are required to be independent. In addition, each Audit Committee member must not serve on the audit committees of more than two other public companies. The Board may approve exceptions from this rule if the simultaneous service does not impair the ability of the director to fulfill his mandate.

Such exceptions would be disclosed and explained in our annual reports. Banking relationships in the ordinary course of business - wealth and asset management, private mortgages etc.

We fully support transparency, and consistent and informative disclosure. We aim to communicate our strategy and results in a manner that allows stakeholders to gain a good understanding of how our Group works, what our growth prospects are, and the risks that our businesses and our strategy entail. We assess feedback from analysts and investors on a regular basis and, where appropriate, reflect this in our disclosures.

To continue achieving these goals, we apply the following principles in our financial reporting and disclosure:. This website uses cookies to make sure you get the best experience on our website. You can find more information under the Privacy Statement. You are free to change your cookies' settings in the privacy settings. Group structure. Shareholders The general meeting of shareholders is the supreme corporate body of UBS.

Interests in subsidiaries and other entities Annual Report , Note



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