How many FTSE 100 Boards can one man chair at the same time? Part 2

Following on from my previous post about Sir John Peace who seemed to be able to chair 3 FTSE 100 Boards at the same time SABMiller have announced the appointment of Jan du Plessis, who is currently the chairman of Rio Tinto, as chairman – which will make him chairman of two FTSE 100 companies.

corporate governanceShareholders of both companies will be relieved to learn that Mr du Plessis has agreed to give up his non-executive directorship of Marks & Spencer when he takes up his post with SABMiller in 2015.

Whilst not exactly prohibited by the UK Corporate Governance Code, the code does say that directors should be able to devote sufficient time to the role in order to discharge their legal responsibilities.

Being chairman of one FTSE 100 Board is time consuming enough – chairing two would seem to be a very demanding proposition indeed

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: