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This graph shows our structure and supreme corporate bodies.

Shareholders
The general meeting of shareholders is the supreme corporate body of �鶹��. All shareholders registered with voting rights are invited to general meetings of shareholders.

Chairman and Board of Directors
Under the leadership of the Chairman, the Board of Directors (BoD) decides on the strategy of the Group, upon recommendation by the Group CEO, exercises ultimate supervision over management and appoints all Group Executive Board (GEB) members. The Chairman of the Board presides over all general meetings of shareholders and works with the committee chairpersons to coordinate the work of all BoD committees. The committees shown in the graph assist the BoD in the performance of its responsibilities. These committees and their charters are described in the Organization Regulations, published at ubs.com/governance.

Checks and balances – Board of Directors and Group Executive Board
The BoD decides on the strategy of the Group, upon recommendations by the Group CEO, and exercises ultimate supervision over management, whereas the GEB, headed by the Group CEO, has executive management responsibility. The functions of Chairman and Group CEO are assigned to two different people, leading to a separation of powers. The BoD delegates the management of the business to the GEB.

Group CEO and Group Executive Board
Under the leadership of the Group CEO, the GEB has executive management responsibility for the steering of the Group and its business and assumes overall responsibility for developing the strategies of the Group, business divisions and Group Functions and implements the BoD-approved strategies.