LONDON - Standard Chartered (OTC:SCBFF) PLC is set to undergo a reshuffle of its board and various committees, as announced in a recent press release. David Conner, an independent non-executive director, is slated to retire from the board and his positions on the Audit, Board Risk, and Remuneration Committees effective December 30, 2024. His departure marks the end of a nine-year tenure with the financial institution.
Group Chairman José Viñals expressed his gratitude for Conner's contributions, stating, "We have greatly benefitted from his insights and expertise gained over many years of working across some of our key markets." Viñals praised Conner's role on the board, particularly highlighting his leadership of the Board Risk Committee.
Following Conner's retirement, Standard Chartered will implement changes to its Board Committees starting January 1, 2025. Diane Jurgens and Jackie Hunt, both serving as independent non-executive directors, are appointed to the Board Risk Committee. Concurrently, David Tang will step down from this committee. Additionally, both Tang and Hunt will take on new roles in the Remuneration Committee.
Furthermore, the bank disclosed that Jackie Hunt had already stepped down from the Culture and Sustainability Committee as of December 8, 2024.
These changes come as part of Standard Chartered's regular corporate governance processes, ensuring a fresh perspective and continuous oversight of the company's operations and strategy.
The information for this article is based on a press release statement from Standard Chartered PLC.
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