Nominations for re-election and election by the Annual General Meeting on 22 April 2016

On 1 January 2014 the Ordinance Against Excessive Compensation at Public Corporations entered into effect. It provides that, as of the Annual General Meeting 2014, the shareholders will annually elect the members of the Board of Directors, the Chairman of the Board of Directors, as well as the members of the Compensation Committee, individually and separately, for one-year terms.

The Board of Directors proposes that the following Board members be re-elected for a one-year term:

  • Walter B. Kielholz
  • Renato Fassbind
  • Raymond K.F. Ch’ien
  • Mary Francis
  • Rajna Gibson Brandon
  • C. Robert Henrikson
  • Trevor Manuel
  • Carlos E. Represas
  • Philip K. Ryan
  • Susan L. Wagner

Furthermore, the Board of Directors proposes:

  • Sir Paul Tucker

to the Annual General Meeting 2016 for first-time election as a member of the Board of Directors for a one-year term as part of the continued aim to further diversify and renew its composition.

Sir Paul Tucker is Chairman of the Systemic Risk Council, and a fellow at the Harvard Kennedy School of Government. He is also a member of the board of the Financial Services Volunteers Corps, and a member of the Advisory Committee of Autonomous Research. He was the Deputy Governor of the Bank of England from 2009 to 2013. He held various senior roles at the Bank from 1980 onwards, including as a member of the Monetary Policy Committee, Financial Policy Committee, Prudential Regulatory Authority Board and Court of Directors. He also served as a member of the Steering Committee of the G20 Financial Stability Board and as a member of the Board of the Bank for International Settlements. Sir Paul Tucker is a British citizen, born in 1958. He graduated from Trinity College, Cambridge, with a BA in Mathematics and Philosophy. In 2014, he was granted a knighthood for his services to central banking.

The Board of Directors proposes that the following Board member be re-elected as Chairman of the Board of Directors, for a one-year term:

  • Walter B. Kielholz

The Board of Directors also proposes that the following Board members be re-elected as members/be elected as new member of the Compensation Committee, for a one-year term:

  • Renato Fassbind
  • C. Robert Henrikson
  • Carlos E. Represas
  • Raymond K.F. Ch’ien (new member)