Standard Chartered PLC approved updated Governance and Nomination Committee Terms of Reference in February 2026, outlining the Committee’s key responsibilities in areas such as board composition, appointments, succession planning, and diversity. The document highlights that the Committee will regularly review the structure and skill sets of the Board and its Committees, ensuring a balance of expertise and promoting diversity and equal opportunity. It also underscores the Committee’s role in overseeing director independence, reviewing conflicts of interest, and recommending appointments for Board vacancies, including senior roles such as Group Chair and Group Chief Executive.
The Terms of Reference detail procedures for membership requirements, frequency of meetings, reporting, and engagement with shareholders. The Committee will meet at least twice annually and submit recommendations to the Board regarding board structure, leadership transitions, and changes to relevant governance policies. Additionally, the document emphasizes the need for continuous evaluation of Board and Committee performance, including the potential use of external facilitators, and underscores the Committee’s authority to seek relevant professional advice and information within Standard Chartered PLC.
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