UBS executives announced the reform of the chairman of the pay system does not receive prize money

According to local media reports on the 18th, Switzerland's largest bank UBS announced the reform of the executive pay system, the bank chairman of the board will only receive a fixed salary and a certain amount of bank shares is no longer receive other prizes.

 UBS also announced that the current chairman of the Treasury Peter Soeren,马塞尔罗纳CEO and other senior managers will give up any form of bonuses.  Starting next year, the bank's senior management will be a year-end bonus, as the bank's performance.

 UBS said that the reform of the executive pay system is the group seriously in the current pay system deficiencies, the public response to the "greedy bank culture" increasingly strong aversion to the concrete manifestation of the mood.  Reform measures intended to promote business expansion, only a few years in a row to bring a good performance and avoid unnecessary risk managers will be rewarded.

 In addition to the restrictions on in-service money management, UBS is also planning to recover some of the executives who have left the prize money.  UBS said in a statement, UBS is a matter of law to recover the assessment of former members of the board of directors and former executives have received bonuses of feasibility.

 It is reported that UBS may Foreign Exchange be required to resign in April this year, the former chairman of the board has already received a refund Aosipeier high bonuses and other remuneration, as Aosipeier is responsible for the investment of the United States at risk of the loan-to-market strategy, leading to The bank suffered huge losses.  It is reported that the financial crisis, UBS has accumulated losses 52,000,000,000 francs.

 Reported that UBS will be held early next general meeting of shareholders on the remuneration of the reform measures carried out to vote.