Where Are They Now? Life Carries on for the Banks' Directors

Article excerpt

Despite the Financial Services Authority saying how it wants to hold non-executive directors accountable for failing to fulfil their duties, many part-timers continue to sit in other boardrooms sometimes still in the finance industry..

Some of the banks ex-directors have roles in government agencies such as the Met Office, Scotlands Council for Economic Advisers, and even HM Revenue & Customs.

No inquiry has yet been held to decide which directors were directly to blame for the collapse of so many of Britains banks, but the law regards all directors as equally responsible. But while some former executives struggle to find new jobs, there is little sign of the non-execs being shunned.


Michael Buckley (non-exec 2007-08). A director of Nicola Horlicks Bramdean Alternatives and sits on the M&T Bank board in the US.

Ian Cheshire (n-x 2003-08). Chief executive of Kingfisher, the B&Q group.

Nick Cosh (n-x 1999-2008). Director of City brokers Icap.

Sir George Cox (2000-07). Commentator on the banking crisis and chairs Warwick Business Schools advisory board.

Rod Kent (n-x chairman 2002-08). A governor of Wellcome Trust and chairs the Duke of Westminsters 13bn Grosvenor empire,

Lady Patten (n-x 2003-08). Sits on the Marks & Spencer board and chairs the Brixton property group.

Stephen Webster (n-x 2003-08). Finance director at Wolseley plumbing goods group.


Sir James Crosby (1994-2006). Is still senior independent director at ITV and the Compass catering group, and last month became a director of Mysis, the software company.

Charles Dunstone (n-x 2000-08) A director of Daily Mail & General Trust and the Princes Trust besides running Carphone Warehouse.

Mike Ellis (finance director 1987-2004, 07-09). Is now a WH Smith director.

Tony Hobson (n-x 2001-06). Chairs Northern Foods and is a director of water company Glas Cymru.

Philip Hodkinson (finance director 2005-08). Chairs the audit committees at BT and Travelex. Director of HM Revenue & Customs.

Andy Hornby (1999-2009). Remains a director of Home Retail, the Homebase and Argos chains.

Sir Brian Ivory (n-x 1998-2007). Director of Scottish American Investment Trust and Rmy Contreau.

Karen Jones (n-x 2006-09). The founder of Caf Rouge recently joined the Virgin Active board.

Kate Nealon (n-x 2004-09). Sits on the Cable & Wireless and Shire drugs group boards.

David Shearer (n-x 2004-07). Senior independent director at STV and chairman of Crest Nicholson.

Lord Stevenson (chairman 1999-2009). Director of Western Union and Loudwater Investments.

Mark Tucker (finance director 2004-05). …