RBS 2010 Annual Report Download - page 229

227RBS Group 2010
Governance
Non-executive directors
Colin Buchan* (age 56) A, N, Ri
Appointed to the Board in June 2002, Colin Buchan was educated in South Africa
and spent the early part of his career in South Africa and the Far East. He has
considerable international investment banking experience, as well as experience in
very large risk management in the equities business. He was formerly a member of
the group management board of UBS AG and head of equities of UBS Warburg,
and was the former chairman of UBS Securities Canada Inc. He is chairman of
Standard Life Investments Limited and a director of Standard Life plc and Black
Rock World Mining Trust Plc. Colin is a fellow of the Chartered Institute of Bankers
of Scotland.
Sandy Crombie* (age 62) Senior Independent Director, N, R, Ri
Appointed to the Board in June 2009, Sandy Crombie was previously Group Chief
Executive of Standard Life Plc. He was also previously a director of the Association
of British Insurers and a member of the Chancellor of the Exchequer’s High Level
Group. In 2007, he was the Prince of Wales’ Ambassador for Corporate Social
Responsibility in Scotland. He currently serves as Chairman of the Edinburgh
UNESCO City of Literature Trust and Creative Scotland, as Vice Chairman of the
Board of Governors of the Royal Scottish Academy of Music and Drama, and
President of The Cockburn Association.
Penny Hughes* (age 51) N, R (Chair)
Penny Hughes joined the Board on 1 January 2010 and is currently a non-executive
director of Home Retail Group plc, Cable & Wireless Worldwide plc and Wm
Morrison Supermarkets plc. She is a former non-executive director of Gap Inc,
Vodafone PLC and Reuters PLC. Penny chairs the Remuneration Committee of
Home Retail Group. Penny was a director and chairman of the Remuneration
Committee of Skandinaviska Enskilda Banken AB until she stepped down on 20
October 2009. Penny spent the majority of her executive career at Coca-Cola
where she held a number of leadership positions. In 1992, she was appointed as
President, Coca-Cola Great Britain and Ireland. She is also a Trustee of the British
Museum and President of the Advertising Association.
Joe MacHale* (age 59) N, Ri
Appointed to the Board in September 2004, Joe MacHale is currently a non-executive
director and chairman of the remuneration committee of Brit Insurance Holdings plc,
and a trustee and treasurer of MacMillan Cancer Support. He held a number of
senior executive positions with J P Morgan between 1979 and 2001 and was latterly
chief executive of J P Morgan Europe, Middle East and Africa Region. He is a fellow
of the Institute of Chartered Accountants and the Chairman of Prytania Group.
John McFarlane* (age 63) N, R
Appointed to the Board on 1 October 2008, John McFarlane is former chief
executive officer of Australia and New Zealand Banking Group Limited. Previously
he was a group executive director of Standard Chartered and was head of
Citicorp/Citibank in the UK and Ireland. He is currently a non-executive director
of Westfield Holdings Limited and a director of Old Oak Holdings Limited. He is a
former president of the International Monetary Conference and a former chairman
of the Australian Bankers Association. He has previously served as a director of
the London Stock Exchange and a member of the Auditing Practices Board.
Brendan Nelson* (age 61) A (Chairman), N, Ri
Appointed to the Board on 1 April 2010, Brendan Nelson is the former global
chairman, Financial Services for KPMG. Previously, he held a range of senior
leadership roles within KPMG including as a member of the KPMG UK board from
1999 until 2006 and as vice chairman from 2006. He has been a board member
of the Financial Services Skills Council since 2008 and was chairman of the Audit
Committee of the Institute of Chartered Accountants of Scotland from 2005 until
2008. He joined the Board of BP plc in November 2010.
Arthur ‘Art’ Ryan* (age 68) N
Appointed to the Board on 1 October 2008, Art Ryan is the former chairman, chief
executive officer and president of Prudential Financial Inc. Previously he held
senior positions with Chase Manhattan Bank NA. He is currently a non-executive
director of Regeneron Pharmaceuticals Inc. and an active member of numerous
community boards. He was a founding member of the Financial Services Forum.
Philip Scott* (age 56) A, N, Ri (Chairman)
Appointed to the Board on 1 November 2009, Philip Scott has wide-ranging
experience of financial services and risk management, including previous
responsibility for Aviva's continental European and international life and long-term
savings businesses. He held a number of senior executive positions during his
career at Aviva, including his role as Group Finance Director until January 2010.-
Philip is also an experienced non-executive director and is currently on the board
of Diageo plc. He is a Fellow of the Institute of Actuaries and The Association of
Certified Public Accountants.