Stan Chart pays Okonjo Iweala £130k per annum as independent director

Nigeria’s former Finance Minister, Dr Ngozi Okonjo Iweala will earn a whopping £100k as Non-Executive independent director of Standard Chattered Bank. An Independent Non-Executive director of a bank is someone who does not have shares or interest in the in a company but sits on the board as a non-executive director. They are nominated by […]

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Nigeria’s former Finance Minister, Dr Ngozi Okonjo Iweala will earn a whopping £100k as Non-Executive independent director of Standard Chattered Bank.

An Independent Non-Executive director of a bank is someone who does not have shares or interest in the in a company but sits on the board as a non-executive director. They are nominated by shareholders of the bank by virtue of their experience, connection, intellectual status and personality. It is also a requirement fulfilled by quoted companies who wish to comply fully with corporate governance rules.

She will also earn an additional £30k as member of the board values and conduct committee.

See press release below;