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Board Committees |
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Directors' report |
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Statement of Directors' responsibilities for preparing the financial statements |
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Corporate governance |
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Directors' remuneration report |
Board of Directors
Gerry Grimstone
Chairman, age 58
Appointed Chairman in May 2007, having been Deputy Chairman since March 2006. He became a director of The Standard Life Assurance Company in July 2003. He is also Chairman of Candover Investments plc. Gerry held senior positions within the Department of Health and Social Security and HM Treasury until 1986. He then spent thirteen years with Schroders' in London, Hong Kong and New York, and was Vice Chairman of Schroders' worldwide investment banking activities from 1998 to 1999.
Sandy Crombie
Group Chief Executive, age 59
Appointed Director and Group Chief Executive in March 2006, having been a director of The Standard Life Assurance Company since January 2000, and its Group Chief Executive since January 2004. He joined Standard Life in 1966 and was Chief Executive of Standard Life Investments Limited from its launch in 1998 until his appointment as Group Chief Executive of The Standard Life Assurance Company in 2004. He was appointed The Prince's Ambassador for Corporate Social Responsibility in Scotland in 2007, and is also a director of the Association of British Insurers.
Kent Atkinson
Non-executive Director, age 62
Appointed Director in March 2006, having been a director of The Standard Life Assurance Company since January 2005. He is currently Senior Independent Director and Chairman of the Audit Committee of Coca-Cola HBC S.A., non-executive Chairman of Link Plus Corporation and a non-executive director of Gemalto N.V. and Millicom International Cellular S.A. From 1994 to 2002, he was Group Finance Director at Lloyds TSB Group plc.
Lord Blackwell
Non-executive Director, age 55
Appointed Director in March 2006, having been a director of The Standard Life Assurance Company since June 2003. He is Chairman of Standard Life Assurance Limited. He is also Chairman of Interserve plc, Senior Independent Director of SEGRO plc, a board member of the Office of Fair Trading, special adviser to KPMG's Corporate Finance Practice, Chairman of the Centre for Policy Studies and an active member of the House of Lords. From 1995 to 1997, he was Head of the Prime Minister's Policy Unit and, subsequently, was Director of Group Development at National Westminster Bank Group until 2000.
Crawford Gillies
Non-executive Director, age 51
Appointed Director in January 2007. He is also Chairman of Hammonds law firm and Control Risks Group Holdings Limited. Crawford spent twenty-two years with Bain & Company Inc, the international management consultants, and has been retained by them as a special adviser. He was an independent member of the DTI's Management Board and Strategy Board from 2002 to 2007, and chaired the DTI's Audit and Risk Committee from 2003 to 2007.
Trevor Matthews
Executive Director, age 55
Appointed Director in March 2006, having been a director of The Standard Life Assurance Company since July 2004. He resigned on 29 January 2008. Prior to his resignation, he was Chief Executive, UK financial services division. He previously held the role of President and Chief Executive Officer of Manulife in Japan and prior to that was the Executive Vice President of Manulife's Canadian operations. He is currently Deputy President of the Chartered Insurance Institute.
Baroness McDonagh
Non-executive Director, age 46
Appointed Director in March 2007. She is a business consultant, having previously been General Manager of Express Newspapers. She was appointed a Life Peer in 2004. From 1998 to 2001, she was both the first woman and the youngest General Secretary of the Labour Party. She has been a non-executive director of TBI plc since 2004.
David Nish
Executive Director, age 47
Appointed Group Finance Director in November 2006. Previously a partner with Price Waterhouse, and Group Finance Director and Executive Director, Infrastructure Division at Scottish Power plc. He is currently a non-executive director of Northern Foods plc and Royal Scottish National Orchestra Society Limited.
Jocelyn Proteau
Non-executive Director, age 61
Appointed Director in March 2006, having been a director of The Standard Life Assurance Company since August 2003. He is Chairman of The Standard Life Assurance Company of Canada and has worked for much of his career in the Canadian financial services industry. He holds a number of non-executive positions and is Chairman of BTB Real Estate Investment Trust and Co-Chairman of Technologies 20/20 Inc.
Keith Skeoch
Executive Director, age 51
Appointed Director in May 2006, having been a director of The Standard Life Assurance Company since March 2006. He is Chief Executive of Standard Life Investments Limited. He joined Standard Life Investments Limited in 1999 after nearly 20 years investment experience at James Capel & Co. Limited in a number of roles, including Chief Economist and Managing Director International Equities. He is currently a director of the Investment Management Association and director and Chairman of the Investment Committee of the Association of British Insurers.
Hugh Stevenson
Non-executive Director, age 65
Appointed Director in March 2006, having been a director of The Standard Life Assurance Company since June 1999. He is the Company's Senior Independent Director and Chairman of Standard Life Investments Limited. He is also Chairman of Equitas Limited and The Merchants Trust plc and is a non-executive director of the Financial Services Authority. From 1992 to 1998, he was Chairman of Mercury Asset Management Group plc.The individuals listed above were the Directors
of the Company as at 31 December 2007.
Colin Buchan was appointed as a Director on
1 January 2008 and his biography appears below.
Trevor Matthews resigned as a Director on
29 January 2008.
