Board Committee ChangesSource: RNS
30 December 2022
STANDARD CHARTERED PLC
ANNOUNCES CHANGES TO ITS COMMITTEES
Standard Chartered PLC (the "Company") today announces that Shirish Apte, Independent Non-Executive Director will succeed Christine Hodgson as Chair of the Company's Remuneration Committee and will also join its Governance and Nomination Committee, both with effect from 1 January 2023. Shirish's appointment follows receipt of the necessary regulatory approvals.
Christine Hodgson will step down as Chair of the Company's Remuneration Committee and as a member of its Governance and Nomination Committee with effect from 31 December 2022 and as previously announced will retire from the Board on 31 January 2023.
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Remuneration statement in relation to Shirish Apte
Shirish Apte will receive a fee of GBP70,000 per annum for his services as Chair of the Remuneration Committee and GBP15,000 per annum as a member of the Governance and Nomination Committee, pursuant to the Directors' remuneration policy. This is disclosed in accordance with the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (the "Hong Kong Listing Rules").
Additional information - Christine Hodgson
There are no matters relating to the retirement of Christine Hodgson that need to be brought to the attention of the shareholders of the Company.
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Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges.
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