Standard Chartered appoints independent non-executive director

The Board of Directors of Standard Chartered PLC is pleased to announce today that Lord Turner of Ecchinswell has been appointed as an independent non-executive director of Standard Chartered PLC with effect from 1 August 2006. Adair Turner, 50, is a non-executive director of United Business Media plc and Siemens Holdings plc. He was Chairman of the Independent Pensions Commission until April 2006 and from 1995 to 1999 was Director General of the Confederation of British Industry. Adair was educated at Gonville and Caius College, Cambridge. He is married with two children and lives in the UK. “I am very pleased to welcome Adair as a valuable addition to our already strong and diverse Board. Adair’s broad range of experience and record of independent thinking will enable him to make a significant contribution,” said Bryan Sanderson, Chairman of Standard Chartered PLC. As an independent non-executive director of the Company, Lord Turner does not have a service contract. He does not have a designated length of service, but in accordance with the Company’s articles of association his appointment will be subject to re-election by the Company’s shareholders every three years. The director’s fee payable to Lord Turner will be determined by the Board. As at the date of this announcement, Lord Turner owns 2,000 of the Company’s ordinary shares under the meaning of Part XV of the Securities and Futures Ordinance. Apart from being an independent non-executive director of the Company, Lord Turner has no relationship with any directors, senior management or substantial or controlling shareholders of the Company. --www.theasianbanker.com (July 10 2006)--

• ข่าวUnited Business Media
• ข่าวStandard Chartered
• ข่าวo:eco
• ข่าวth