UDPATE 2-UBS introduces new corporate governance rules

Newswire

(Adds more details) By Sam Cage ZURICH, July 1 (Reuters) - Swiss bank UBS AG introduced new corporate governance measures on Tuesday, including a clear separation of the responsibilities of the board of directors and executive management. UBS, Europe's biggest casualty of the credit crisis so far, said a governance committee had completed a review of the bank and its recommendations -- including strengthening the board's oversight role -- would be implemented immediately. The bank is ...

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