Donald G. Ogilvie (Age 63): Mr. Ogilvie is currently an Executive in residence and a lecturer at Yale University.In 2005, Mr. Ogilvie retired from the positions he held at the American Bankers Association ("ABA").Mr. Ogilvie had previously been President and Chief Executive Officer of the American Bankers Association since 2002, and prior to that he served as Executive Vice President since 1985.From 1980 to 1985 he was a Vice President of Celanese Corporation and from 1977 to 1980 Associate Dean of Yale
103University's School of Organization and Management
held posts in the U.S. Department of Defense
and in the Executive Office of the President as Associate Director of National Security and International Affairs in the Office of Management and Budget.Mr. Ogilvie has a B.A. degree from Yale University and an M.B.A. from Stanford University's School of Business.Mr. Ogilvie is a director of TransUnion Corporation.Mr. Ogilvie is currently a Director of MacDermid, Incorporated and Chairman of the Audit Committee and member of the Compensation and Corporate Governance Committees.
The following directors meet the independence standards set by the Board: Donald G. Ogilvie
, James C. Smith, T. Quinn Spitzer, Jr .and Robert Ecklin.
...Members of the Committee are Donald G. Ogilvie (Chairman), Robert L. Ecklin, James C. Smith and T. Quinn Spitzer.
The Committee, which met three times during the last fiscal year, included T. Quinn Spitzer (Chairman), Donald G. Ogilvie
, James C. Smith, Joseph Silvestri and Robert L. Ecklin.
...The Committee which met two times during the last fiscal year is comprised of T. Quinn Spitzer (Chairman), Robert L. Ecklin, Donald G. Ogilvie and James C. Smith.
...The Board of Directors has determined that the Audit Committee's Chairman, Donald Ogilvie, is an audit committee financial expert, as this term is defined in applicable rules of the Securities and Exchange Commission, and meets the requirements of the Audit Committee Charter through the following education and experience:, Mr. Ogilvie holds a B.A. degree from Yale University and an M.B.A. from Stanford University School of Business.
, As Associate Director of the Office of Management and Budget from 1974-1976, Mr. Ogilvie
was responsible for direct oversight of the budgets for the Departments of Defense and of State as well as the budgets for the U.S. intelligence community and foreign aid.
, As Associate Director of the Yale University
School of Management, Mr. Ogilvie
was responsible for financial, accounting and audit functions., Mr. Ogilvie served as Vice President for the Celanese Corporation.
, As President and CEO of the ABA
, Mr. Ogilvie
was responsible for budgeting, accounting and auditing functions, and had frequent involvement with accounting issues.At the ABA, Mr. Ogilvie
had continuous involvement with accounting and auditing issues as they affect the financial industry that he
is experienced with regard to audit committees and their function., Mr. Ogilvie has been a director of MacDermid since 1986 and a member of its Audit Committee since its formation.
As a result, Mr. Ogilvie
has extensive knowledge of MacDermid
.In addition to Mr. Ogilvie, Mr. James Smith is also a member of the Audit Committee.