2005 Annual Report Julius Baer Holding Ltd. - GAM Holding AG

Corporate Governance
Corporate governance has become a decisive factor in business management. Shareholders, clients and staff
are generally considered the key stakeholders within the context of corporate governance. Moreover, our
focus on achieving sustained success and consistency in our business rests largely on the principle of retaining
shareholders, clients and staff for as long as possible. These stakeholder groups therefore have a right to
know what people and power circles determine the development of the company, who makes strategic decisions
and who bears the responsibility for them. We therefore aim to thoroughly satisfy these information
needs in this chapter of the Annual Report.
The corporate governance information of Julius Baer Holding Ltd. is presented in accordance with the Corporate
Governance Directive of the SWX Swiss Exchange that entered into force on 1 July 2002 and was subsequently
revised as of 30 November 2003 and 1 August 2004, with the “Instructions for Applying the Corporate
Governance Directive” of the Swiss Federal Banking Commission and with the guidelines and recommendations
of the “Swiss Code of Best Practice for Corporate Governance” of the Swiss Business Federation
(economiesuisse) dated 25 March 2002.
The following information corresponds to the situation at 31 December 2005 and therefore reflects the
changes that occurred at Senior Management level as a result of the acquisitions completed in early December
2005.
1. Group structure and shareholders
1.1 Significant shareholders (as of 31 December 2005)
32
Davis Selected UBS
Advisers, L.P., Tucson, USA
Number of registered shares 6 082 396 23 107 046
Percentage of voting stock 5.45% 20.7% 1
Percentage of share capital 5.45% 20.7%
1 Contractual voting and selling restriction: abstention from exercising voting rights (until 2 December 2008) and abstention from selling (until
2 June 2007) for 19.9%, respectively subject to certain exceptions