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      "text": "UBS Group AG operates under a strict dual board structure, as mandated by Swiss banking law, and therefore the BoD delegates the management of the business to the GEB.",
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      "text": "Refer to \"Board of Directors\" and \"Group Executive Board\" in the \"Corporate governance\" section of this report or ubs.com/bod and ubs.com/geb for the full biographies of our BoD and GEB members",
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      "text": "UBS Group AG operates under a strict dual board structure, as mandated by Swiss banking law, and therefore the BoD delegates the management of the business to the GEB. Under the leadership of the Group CEO, the GEB was comprised of 12 members as of 31 December 2021 and has executive management responsibility for the steering of the Group and its business. It assumes overall responsibility for developing the strategies of the Group, the business divisions and Group Functions, and implements the BoD-approved strategies.",
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