Committee Meeting(Committee of the Whole (Governance Workshop)):2/8/2024 (Public Comment – R. Wyler, 2/8/2024)
Event Date: 2024-02-08 00:00:00
Summarized with ai model: gpt-4o-mini
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**Executive Summary**
**Ownership Structure of Dominion Voting Systems**
The document outlines the complex ownership structure of Dominion Voting Systems, revealing significant connections to various financial entities, particularly UBS AG, a Swiss bank. As of December 2018, UBS holds 51% of UBS Securities, both in New York City and Beijing, where China owns the remaining 49%. The document notes that several board members are Chinese nationals, as indicated by their associations with UBS Securities in both locations.
**Board Membership and Recent Developments**
The summary highlights that a considerable number of board members at UBS Securities LLC based in NYC were of Chinese origin, a fact that has drawn scrutiny. Notably, twelve out of fifteen board members resigned just before Lin Wood’s controversial tweets in December 2020, suggesting potential instability or internal conflicts within the organization. As of mid-2021, there has been a noticeable absence of individuals with Chinese-sounding names in senior leadership positions at UBS-Sec NYC.
**Connections to the Chinese Communist Party and Other Entities**
Additionally, the document mentions that several Chinese companies, part of the Communist Party’s operations, own stakes in Dominion through a series of investments and collaborations. The entities listed include Jing Guoxiang Property Management Co. and Guangdong Provincial Communication Group Co. Other connections reference Hunter Biden’s investment in a company linked to the CCP, underscoring concerns regarding foreign influence within Dominion Voting Systems, even if no formal ties to COFCO, a significant agricultural conglomerate, are established.
**Conclusion**
This document serves to inform stakeholders about the potential implications of foreign ownership and influence within Dominion Voting Systems. The intricate web of relationships involving UBS Securities, Chinese national board members, and the involvement of entities controlled by the Chinese Communist Party raises questions about the integrity and governance of the voting systems involved in U.S. elections.