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Director's Report Goal, an award-winning development programme using sport and life skills education to transform the lives of adolescent girls, was launched in Nigeria in 2011 and has since expanded, helping more than 58,000 girls 126 Standard Chartered Annual Report 2014 Directors’ report Board of directors 128 Senior management 132 Corporate governance 133 Directors’ remuneration report 170 Other disclosures 210 Statement of directors’ responsibilities 219 127 Board of directors Sir John Peace Peter Sands Mike Rees Andy Halford Chairman Group Chief Executive Deputy Chief Executive Group Finance Director Jaspal Bindra V Shankar Ruth Markland Om Bhatt Group Executive Director & Chief Group Executive Director & Chief Senior Independent Director Independent Non‑Executive Director Executive Officer, Asia Executive Officer – Europe, Middle East, Africa and Americas Dr Kurt Campbell Dr Louis Cheung Dr Byron Grote Christine Hodgson Independent Non‑Executive Director Independent Non‑Executive Director Independent Non‑Executive Director Independent Non‑Executive Director Naguib Kheraj Simon Lowth Dr Han Seung-soo, KBE Paul Skinner, CBE Independent Non‑Executive Director Independent Non‑Executive Director Independent Non‑Executive Director Independent Non‑Executive Director Dr Lars Thunell Annemarie Durbin Independent Non‑Executive Director Group Company Secretary The Board is accountable for ensuring that, as a collective body, it has the appropriate skills, knowledge and experience to perform its role effectively. It provides leadership through oversight and review and by providing guidance whilst setting the strategic direction. 128 Standard Chartered Annual Report 2014 Sir John Peace (66) Experience: Peter brings extensive Jaspal Bindra (54) becoming partner in 1983. Between Chairman executive and strategic leadership Group Executive Director & Chief 1996 and 2003, Ruth was managing experience and a deep understanding Executive Officer, Asia partner in Asia, responsible for the Sir John was appointed to the Board of international banking and the firm’s eight offices across the region. as Deputy Chairman in 2007, Jaspal was appointed to the Board in regulatory environment. Ruth is the senior independent becoming Group Chairman in 2009. January 2010. On 26 February 2015, director and chair of the remuneration On 26 February 2015, it was it was announced that Jaspal will step Mike Rees (59) committee at The Sage Group plc announced that Sir John intends to down from the Board on 30 April 2015. Deputy Chief Executive and member of the supervisory board step down from the Board during the Career: Jaspal began his career with of Arcadis NV. Until November 2012, course of 2016. Mike was appointed to the Board as Bank of America in 1984, working Ruth served as chair of the board of Chief Executive Officer, Wholesale Career: Sir John joined the board of across treasury markets and trustees of the WRVS charity. Banking in August 2009, becoming GUS plc in 1997, of which Burberry consumer banking in India and Deputy Chief Executive in April 2014. Experience: Ruth brings significant and Experian were a part, becoming Singapore, before joining UBS expertise in Asia and a deep chief executive from 2000 until 2006. Career: Mike held several roles in Investment Bank. Jaspal joined understanding of the legal and In 2002, Burberry was floated on the finance at JP Morgan before joining Standard Chartered in 1998 and has regulatory environment. London Stock Exchange with Sir John Standard Chartered in 1990 as the held senior positions in the Group as its chairman, a position he Chief Financial Officer for Global such as Global Head of Client Committees: Chair of the continues to hold. In 2006, Sir John Treasury, becoming the Regional Relationship for Wholesale Bank and Remuneration Committee, member of was appointed chairman of Experian Treasurer in Singapore, responsible Chief Executive Officer for India, the Audit Committee, the Governance following the demerger of GUS plc, for the South East Asia Treasury before joining the Board as Chief and Nomination Committee and the a position he held until he stepped businesses. Mike was later appointed Executive Officer, Asia. He is a Board Financial Crime Risk down in July 2014. Sir John is Group Head of Global Markets and non-executive director at Reckitt Committee committed to supporting his local Chief Executive, Wholesale Banking, Benckiser Group plc, a member of the community and has a long-standing responsible for all commercial banking board of governors of XLRI Business Om Bhatt (63) interest in education. He chaired the products in addition to his School, a member of the City of Independent Non‑Executive Director board of governors of Nottingham responsibilities for global markets London Advisory Council for India and Om was appointed to the Board in Trent University for 10 years, has been products. He was appointed Deputy a director of the US-India Business January 2013. a trustee of the Djanogly City Chief Executive in 2014, responsible Council. Based in Hong Kong. Academy in Nottingham since 1999, for the integrated Wholesale and Career: In a career spanning 38 years Experience: Jaspal brings is Lord-Lieutenant of Nottinghamshire Consumer Banking business. Mike with the State Bank of India (SBI), wide-ranging international banking and a fellow of the Royal Society of is a member of the International India’s largest commercial bank, Om experience. Arts. Sir John has an honorary Advisory Board of Mauritius and the held a number of roles, beginning with doctorate from the University of mayor of Rome’s business advisory the lead bank department, which V Shankar (57) Nottingham and was knighted in 2011 council. Based in London. pioneered financial inclusion. He led Group Executive Director & Chief for services to business and the the project team that pioneered SBI’s Experience: Mike is a qualified Executive Officer – Europe, Middle voluntary sector. technology initiative in the 1990s, chartered accountant and brings East, Africa and Americas undertook assignments at SBI’s Experience: Sir John has a strong extensive and wide-ranging report Directors’ Shankar was appointed to the Board London and Washington offices and financial services and retailing international banking experience. in January 2012. held general management roles background as well as significant between 2004 and 2006. He became board and chairmanship experience, Andy Halford (55) Career: Shankar spent 19 years at managing director of SBI in 2006, in addition to extensive international Group Finance Director Bank of America before joining culminating in his appointment as experience and exemplary Standard Chartered in 2001 as Group Andy was appointed to the Board as chairman of the State Bank Group, governance credentials. Head of Corporate Finance. He was Group Finance Director in July 2014. until he stepped down in 2011. Om appointed Group Head of Origination Committees: Chair of the has also served as chairman of the Career: Andy was group finance and Client Coverage in 2007 and Governance and Nomination Indian Banks’ Association and was director at East Midlands Electricity promoted to his current role in 2010. Committee an independent non-executive plc prior to joining Vodafone in 1999 Shankar is a non-executive director director of Oil and Natural Gas as financial director for Vodafone of Majid Al Futtaim Holding LLC, a Peter Sands (53) Corporation before stepping down Limited, the UK operating company. trustee of the Asia Society, New York Group Chief Executive in December 2014. Om is an In 2001, Andy was appointed financial and a member of the board of independent non-executive director Peter was appointed to the Board as director for Vodafone’s Northern trustees of the Singaporean Indian of Hindustan Unilever Ltd, Tata Steel, Group Finance Director in May 2002, Europe, Middle East and Africa region Development Association. Based in Tata Consultancy Services and becoming Group Chief Executive in and later the chief financial officer of the UAE. governor of the board of the Center November 2006. On 26 February Verizon Wireless in the US. He was Experience: Shankar brings for Creative Leadership. 2015, it was announced that Peter will a member of the board of wide-ranging international banking step down from the Board and as representatives of the Verizon Experience: Om brings extensive experience. Group Chief Executive in June 2015. Wireless Partnership. Andy was banking, financial services and appointed chief financial officer in leadership acumen, with deep Career: Peter began his career at the Ruth Markland (62) 2005, a position he held for nine knowledge and experience across UK Foreign and Commonwealth Senior Independent Director years. As Group Finance Director at India, one of our largest markets. Office before joining the worldwide Standard Chartered, Andy is Ruth was appointed to the Board in consultants McKinsey & Company in Committees: Member of the Board responsible for Finance, Corporate November 2003 and became Senior 1988, where he became partner in Risk Committee Treasury, Group Corporate Independent Director in July 2013. 1996 and director in 2000, working Development and Strategy functions. On 26 February 2015, it was extensively in the banking and Dr Kurt Campbell (57) Andy is a non-executive director at announced that, having served as an technology sectors in a wide range of Independent Non‑Executive Director Marks and Spencer Group plc and a independent non-executive director international markets. Peter joined the member of the Business Forum on for over 11 years, Ruth will step down Kurt was appointed to the Board in Board of Standard Chartered PLC as Tax and Competitiveness. Based in from the Board by the end of 2015. June 2013. Group Finance Director with London. She will step down as Remuneration responsibility for Finance, Strategy, Career: Kurt has served in several Committee Chair with effect from Risk, and Technology and Operations, Experience: Andy has a strong capacities in the US government, the conclusion of the AGM on before becoming Chief Executive. finance background and deep including deputy assistant secretary 6 May 2015.
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