OREANDA-NEWS. Helmut Panke will be leaving the BoD at this year's AGM due to regulatory provisions regarding the term of office. He has been a member of the UBS BoD since 2004 and a member of both the Human Resources and Compensation Committee (HRCC) and the Risk Committee since 2008. The BoD would like to thank him for his valuable contribution. As previously announced, the BoD intends to nominate Jes Staley as a new member of the BoD for a one-year term. If elected, he will also stand for election to the HRCC, as is the case for all other members of this committee. In addition it is expected that he will be nominated as a member of the Risk Committee.

Chairman Axel Weber and the other members of the BoD will stand for re-election for a further one-year term.

Proposal to increase dividend

The UBS Group AG BoD intends to propose a dividend to shareholders of CHF 0.50 per share for the financial year 2014. This is double the previous year's dividend, and represents 55% of the Group's reported net profit for 2014. In addition, the BoD intends to propose a one-time additional payout of CHF 0.25 per share upon the completion of the acquisition of all shares in UBS AG.

Proposals for compensation of the BoD and GEB

UBS amended its Articles of Association at last year's AGM to take account of the Ordinance against Excessive Compensation in Listed Stock Corporations. At the AGM 2015, shareholders will for the first time be asked to vote on the variable compensation for the GEB for the performance year 2014, the fixed compensation for the GEB for the financial year 2016, and the compensation for the BoD from the AGM 2015 to the AGM 2016. The BoD believes that prospective votes regarding the maximum fixed compensation for the GEB and the BoD provide the firm and its governing bodies with the certainty needed to operate effectively. The shareholders’ vote on the aggregate variable compensation for the GEB in relation to the preceding year allows shareholders to make an informed decision on compensation considering pay in light of actual performance achieved. As in previous years, there will be an advisory vote by shareholders on the compensation report at this year's AGM.