Shareholders of UBS Group AG convened for the Annual General Meeting (AGM) in Zurich on April 10, 2025, where all proposals presented by the Board of Directors were approved. The independent proxy represented a total of 1,974,651,962 votes.
The AGM saw the approval of the management report, as well as the consolidated and standalone financial statements for the 2024 fiscal year, with a high acceptance rate of 99.28%. Additionally, 86.70% of shareholders voted favorably in an advisory capacity for the Compensation Report 2024. In another advisory vote, the UBS Sustainability Report 2024 was ratified with 89.49% approval.
A significant decision at the meeting was the acceptance of the appropriation of total profit and the distribution of an ordinary dividend of USD 0.90 (gross) per share, which saw a near unanimous approval rate of 99.77%. The meeting also approved the discharge of the members of the Board of Directors and the Group Executive Board for the past financial year, endorsed by 96.06% of the shareholders.
In terms of governance elections, Colm Kelleher was confirmed as Chairman of the Board, alongside the re-election of various board members, with percentages ranging up to 99.45% for Mark Hughes. Newly elected members Renata Jungo Brüngger and Lila Tretikov secured their positions with 78.17% and 99.40% of votes, respectively.
Shareholders re-elected Julie G. Richardson and Jeanette Wong to the Compensation Committee and elected Gail Kelly, all for one-year terms ending in 2026. The maximum aggregate compensation for the Board from 2025 to 2026 was approved with 90.91% support, while the variable and fixed compensation for the Group Executive Board also received approval from 89.71% and 92.68% of shareholders, respectively.
Lastly, the re-elections of the independent proxy, ADB Altorfer Duss & Beilstein AG, and the auditors from Ernst & Young Ltd were approved. The meeting concluded with the approval of a share capital reduction through share cancellation at 94.22% and the initiation of a new 2025 share repurchase program.