At least Peace still chairs other FTSE 100 firms …

The chairman of Standard Chartered, Sir John Peace, is in very hot water, as we noted yesterday over remarks he made earlier this month in which he said the bank did not wilfully try to avoid US sanctions with Iran.

He made a humiliating retraction on Thursday in which he said he was wrong and that the bank had indeed engaged in criminal conduct in violating US economic sanction laws.

It would not be surprising if Peace resigns as chairman of the bank. He is also chairman of Burberry and Experian, both of which are FTSE 100 companies.

via Business feed http://www.scmp.com/business/article/1197545/least-peace-still-chairs-other-ftse-100-firms