08.10.2012 - Too many exec directors on StanChart board: Temasek
Discomfort over some proposed changes to Standard Chartered Bank's board, notably the inclusion of too many executive directors on the board, was one of the reasons its major shareholder, Temasek Holdings Pte Ltd, had abstained from voting at the bank's May meeting. The Singapore investment body preferred strong independent boards and did not want a situation where a small group of individuals dominates the board's decision-making. This is likely to happen with an overwhelming number of executive directors, BT understands...............................................Full Article: Source
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