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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Market

Standard Chartered says Temasek abstention not a criticism

Posted on 05 October 2012

Standard Chartered plc (StanChart) said Temasek Holdings Pte Ltd wasn’t being critical of the bank’s strategy and leadership when it declined to back the election of non-executive directors in May.
The Singapore investment company, StanChart’s biggest shareholder, is uncomfortable with the London-based lender’s governance plan and is pushing it to hire more independent directors, the Wall Street Journal reported, citing an unidentified person………………………………………..Full Article: Source


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