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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

StanChart board moves offer brief respite from Temasek pressure

Posted on 05 October 2012

Standard Chartered’s Singapore investor is holding tight to its view that the board is too heavy with bank executives after the appointment of four independent directors.
According to a source familiar with the matter, the Singaporean state investment fund Temasek saw Standard Chartered’s board appointments last week as “a step in the right direction”, but added the board’s make-up still falls short of what Temasek, the bank’s biggest shareholder, would like to see………………………………………..Full Article: Source


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