Revisions taking effect in 2015

Effective as of 2015, the Board is modifying ABB’s compensation system to reflect valuable feedback from our stakeholders and to align it with the Next Level strategy presented in September 2014.

In addition changes were made to ABB’s Articles of Incorporation at the 2014 AGM to reflect a change in Swiss law giving shareholders a greater say on Board and executive compensation. These changes include the right to elect the members of the CC as well as to approve the maximum aggregate amounts of Board and EC compensation.