Standard Chartered will make changes to its board of directors after the bank this week agreed a settlement with regulators over allegations that it hid transactions with the Iranian government.
The boardroom overhaul is expected to affect non-executive directors, many of whom were appointed before the start of the financial crisis in 2008.
But the bank denied the move is in response to investor discontent over claims by the New York State Department of Financial Services (DFS) that through its dealings with Iranian state-owned banks Standard had exposed the United States to terrorists, drug kingpins and weapons dealers.
The 160-year-old bank this week agreed a settlement of 340 million dollars (£217 million) over the Iran allegations.
After accusations of money laundering on behalf of the Iranian regime, Standard Chartered's chief has said "sorry".
Shares in Standard Chartered have had an absolute savaging on the stock market. Dives like this are unusual, and serious for any company
It might not be a big name on our high streets but Standard Chartered is one of the biggest names in banking.