Appointed to the Board on 1 January 2006. Independent Non-Executive Director Tom de Swaan is a member of the Supervisory Board of Van Lanschot NV. He was a member of the managing board and CFO of ABN AMRO, a member of the governing board of the Dutch Central Bank and Chairman of the Basel committee on banking supervision. He is also a Non-Executive Director of the Financial Services Authority and a member of the board of the Institute of International Finance. He holds a master degree in economics.
In accordance with the Combined Code, the Board has determined that Mr de Swaan has recent and relevant financial experience. The Board has also agreed that Mr de Swaan has the appropriate qualifications and background to be an audit committee financial expert in accordance with the requirements of the Sarbanes-Oxley Act 2002.
Mr de Swaan succeeded Dr Schmitz as Chairman of the Audit Committee with effect from 1 September 2006.
