This excerpt taken from the UBS 6-K filed Jul 2, 2008.
Purpose
2
Organization of UBS
2.1
UBS and the Business are organized as follows:
(i)
The Board, under the leadership of the Chairman, sets the strategy of the UBS Group and
exercises the ultimate supervision over management, elects the Group
CEO and certain other senior executives and performs the other duties described in these ORs.
(ii)
The day-to-day management of the Business is delegated to the Group Executive Board (the
“GEB”) which acts under the leadership of the Group CEO; the GEB is in charge of all Business
matters not reserved to the Board or the Shareholders, including setting up an appropriate
management structure for the effective conduct of the Business.
(iii)
The Board establishes the following Committees to assist in the performance of its
responsibilities:
(a)
the audit committee (the “AC”);
(b)
the corporate responsibility committee (the “CRC”);
(c)
the governance and nominating
committee (the “GNC”);
(d)
the human resources and compensation committee (the “HRCC”);
(e)
the
risk committee (the “RC”); and
(f)
the strategy committee (the “SC”),
with the respective responsibilities and authorities described in these ORs and set out
in Annex C.
