Shareholder group rejects UBS pay and share buyback plans

The shareholder association Ethos is recommending that shareholders reject Swiss bank UBS's remuneration, share buyback programme and sustainability report at its AGM on April 10. +Get the most important news from Switzerland in your inbox "The remuneration of UBS's executive bodies is too high compared to European financial institutions," Ethos said in a statement on Thursday. Ethos recognises that the bank has not further increased the remuneration of CEO Sergio Ermotti for 2024 compared to 2023.