Rona Fairhead to chair HSBC audit committee

by David Jetuah

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03 Jan 2007

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Rona Fairhead has been lined up to take the reins of HSBC's audit committee.

HSBC has made a number if sweeping changes to its board in a move seen as a statement of intent as the corporate tries to win back the confidence of worried shareholders after a share slump at the end of 2006.

Fairhead, CEO of the Financial Times Group has been a non-executive director at  the bank since 2004.  She graduated to the chief exec role after a successful tenure as CFO of publishing group Pearson, owners of the FT.

The high-flyer's appointment as audit chair will come into effect at the conclusion of HSBC's AGM which traditionally takes place on the last Friday of May.  

Further reading:

Pearson CFO promoted to FT group exec 

What glass ceiling? 

Women still ‘locked out’ of boardrooms

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