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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