The members of the Board of Directors discuss specific topics in the Board’s committees. Each committee Chairperson provides the complete Board of Directors with regular updates on the current activities of the respective committee and on important committee issues.

Governance & Risk Committee

The Governance & Risk Committee (GRC) oversees governance, risk, compliance, and sustainability, ensuring robust risk and compliance frameworks across all business areas. It reviews and monitors the Group’s risk management, control environment, and adherence to regulations, including anti-money laundering, sanctions, know-your-client, and conduct standards. The GRC approves key risk decisions, assesses high-risk client relationships, and evaluates the effectiveness of control functions. It also advises on corporate governance, risk methodologies, and integrates compliance outcomes into people and compensation practices.

Members: Bruce Fletcher (Chairperson), Urban Angehrn, Colin Bell

Audit Committee

The Audit Committee (AC) bases its work on internationally accepted good practice recommendations for corporate governance. In co-operation with representatives of the Executive Board, the Group Chief Risk Officer, the Group General Counsel, the Head of Internal Audit and the External Auditors, the AC shall examine on a regular basis the appropriateness and effectiveness of the internal control systems by taking into account the risk profile of the Company. Additionally in co-operation with the Group Chief Financial Officer the AC shall examine regularly the appropriateness and effectiveness of the internal control over Financial Reporting of the Company.

Members: Tomas Varela (Chairperson), Juerg Hunziker, Eunice Zehnder-Lai and Urban Angehrn

Compensation, People, & Culture Committee

The Compensation, People, & Culture Committee (CPC) has compensation-, people- and culture-related responsibilities and tasks. The CPC is responsible for overseeing key aspects related to the Company’s and Group’s compensation framework, human capital strategy, leadership framework, organizational culture, and talent governance.

Members: Eunice Zehnder-Lai (Chairperson), Bruce Fletcher, Kathryn Shih

Nomination Committee

The Nomination Committee (NC) is in general responsible for managing the succession planning on Board level and for the Chief Executive Officer (CEO) role and providing oversight for the succession planning on Executive Board and Global Wealth Management Committee (excluding CEO) level as well as for material Group companies.

Members: Noel Quinn (Chairperson), Juerg Hunziker, Kathryn Shih, Tomas Varela

Development & Innovation Committee

The Development & Innovation Committee (DIC) is responsible for assisting the board in its overall oversight responsibilities relating to matters of long-term transformational challenges, business development, innovation and plans as developed by management. The DIC identifies and assesses existing and future trends in the areas such as structural changes in business and operating model, technology and innovation and how they may affect the Company’s operations as well as they may offer new business opportunities.

Members: Juerg Hunziker (Chairperson), Colin Bell, Kathryn Shih and Tomas Varela