James Mack, the current chief financial officer and executive director at at Barclays Bank, has become the new chair of the Audit & Risk Committee at LSL.
LSL Property Services plc announced yesterday that Mack had been appointed to the board of LSL as a non executive director, with immediate effect. He has also joined the Nominations and Remuneration Committees.
Mack brings to LSL significant experience in audit, risk and financial services, particularly in the retail finance sector. This includes his current appointment Barclays Bank UK plc.
He was previously CFO and executive director at Aldermore plc and Aldermore Group plc. Prior to this Mack was acting CFO at the Co-operative Bank. His previous experience also includes senior roles in finance and internal audit at Skipton Building Society.
In relation to Mack’s appointments, the board of LSL has determined that he is independent (according to the provisions of the UK Corporate Governance Code (2018 version)) and that he has the relevant financial experience to act as Chair of the Audit & Risk Committee.
Following Mack’s appointment to the Audit & Risk Committee, Bill Shannon, LSL’s non executive chair, has stepped down from his role as chair of the Audit & Risk Committee.
Comments (1)
Why is it when a company appoints a new director to the renumeration committee all the directors get a pay rise and the troops on the ground do not?