Group Remuneration Policy

The UOB Group Remuneration Policy applies to all subsidiaries and overseas branches within the Group and guides the design, operation and management of our remuneration programmes. The policy sets out the principles and philosophies that we adopt to facilitate the attraction, motivation and retention of a highly-skilled global workforce, while encouraging behaviours that strengthen the long-term financial strength of the Group. Our remuneration programmes are designed to support the Group’s business strategies and objectives and to comply with the principles and standards set out by the Financial Stability Board (FSB). The policy covers the remuneration of directors and employees. The employees include Senior Executives (SE) and Material Risk Takers (MRT). SEs refer to the Group Chief Executive Officer and senior corporate Managing Directors. MRTs refer to employees with significant organisational responsibilities that have a material impact on the Group’s performance and risk profile, and employees with high risk mandates in the form of risk-weighted assets and trading limits.