UBS faces questions over ties to Uighur-linked firm Surveillance company linked with persecution of the Muslim minority group in China Swiss bank UBS’s business relationship with Hikvision, a surveillance company linked with the persecution of Uighurs in China, has come under scrutiny by the Society of Threatened Peoples (TSP). In January, the TSP filed a […]
Read MoreUBS has confirmed that it will be seeking a formal liability discharge at next month’s AGM for the board members and senior executives involved in the bank’s management during the financial crisis. No liability discharge resolution has been proposed for the past two financial years due to ongoing internal and external investigations into the multi-billion dollar write-offs the company […]
Read MoreIt’s interesting to compare and contrast the approach taken by securities regulators in relation to complaints and investigations. Last week the Swiss regulator, SIX Exchange Regulation, announced that it had begun an investigation into possible breaches of the Directive on Ad hoc Publicity and the Directive on Information relating to Corporate Governance by UBS AG. […]
Read MoreUBS shareholders now have six months to decide whether to file actions against the board after voting down the 2007 director liability discharge resolution. A total of 52.8% of shareholders voted against the discharge for 2007 with 46% in support. Discharges for 2008 and 2009 managed to achieve 80% support. “We are accepting this vote and view it […]
Read MoreThe regulatory function of the Swiss stock exchange has begun an investigation into UBS for possible breaches of the rules regarding the publication of price sensitive information. The investigation relates to the period from 2007 to the end of 2008. Further, the investigation will review the company’s 2008 annual report for possible breaches of the […]
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