Standard Chartered Announces Changes to its Board Committee

Standard Chartered PLC, the leading international banking group, recently announced some changes to its Board Committee composition:

​Naguib Kheraj, Deputy Chairman will step down as Chair of the Audit Committee. Effective 1 December 2020, Mr Kheraj will be succeeded by Phil Rivett, Independent Non-Executive Director and will remain a member of the Audit Committee.

David Conner, Independent Non-Executive Director will step down as Chair of the Board Risk Committee to be succeeded by Mr Kheraj with effect from 1 December 2020. Mr Conner will remain a member of the Board Risk Committee;

In addition, with effect from 1 December 2020 Mr Conner will step down as a member of the Governance and Nomination Committee and be appointed a member of the Brand, Values and Conduct Committee. Mr Rivett will be appointed as a member of the Governance and Nomination Committee.

Commenting on these changes, ​José Viñals, Group Chairman, said: "We are delighted that Naguib has agreed to succeed David Conner as Chair of the Board Risk Committee and that Phil will succeed Naguib as Chair of the Audit Committee. Both Naguib and Phil bring considerable knowledge and experience of financial services and the regulatory and technical landscape to these Committees. I would like to thank David for his valuable contribution as Chair of the Board Risk Committee over the last 4 years."