Bank appoints headhunters MWM Consulting after revelations about its Swiss banking arm have brought board composition under intense scrutiny. HSBC is preparing to bring in new non-executive directors to overhaul a board that has faced intense scrutiny following revelations of its Swiss arm’s involvement in tax evasion.The appointment of headhunters MWM Consulting sparked expectations that one of the new non-executives could ultimately replace Douglas Flint, who has been on the board of the bank since 1995, and chairman since 2010. The bank would not comment on a report by Sky News that Flint would step down as chairman no later than the annual meeting in 2017. Even before the scandal inside its Swiss banking arm was exposed by the Guardian and other publications, the bank had promised shareholders it would break with tradition and appoint its next chairman from outside its ranks. The bank has been scrambling to repair its reputation since the revelations in February about the way its Swiss banking arm was helping customers avoid tax in 2005 and 2007. These events have also promoted scrutiny of its board composition, including the role of Rona Fairhead, the former Pearson executive who now chairs the BBC Trust......Read more here