Standard Chartered appoints Okonjo Iweala as Director
Ngozi Okonjo Iweala Ngozi Okonjo-Iweala, former minister of finance, has been named an independent non-executive director at Standard Chartered PLC. Standard Chartered PLC is a British multinational banking and financial services company headquartered in London, England and with presence in 70 countries. According to a statement released on Thursday, by Jon Tracey, the bank’s media specialist, at the London Stock Exchange, the company said her appointment is effective from November 1, 2017. She will earn £130,000 per annum for her expertise in financial and development financing. “The independent Non-Executive Directors do not participate in any of the Group’s incentive arrangements,” the statement read. “Dr Okonjo-Iweala will receive a fee of GBP100,000 per annum for her services as an independent Non-Executive Director, with an additional fee of GBP30,000 per annum as a member of the Brand, Values and Conduct Committee. This is disclosed in accordance with the Rules Governing ...
