10.05.2013 - Temasek fails to back Standard Chartered executive directors
Standard Charteredís largest shareholder has failed to back four of the emerging market lenderís directors in a dispute over the boardroom structure of the bank. Singaporean sovereign wealth fund Temasek, which owns an 18pc in Standard Chartered, refused to back the reelection to the bankís board of four executive directors. Steve Bertamini, Mike Rees, Viswanathan Shankar and Jaspal Bindra each saw about a fifth of the bankís shareholders fail to back them, while a further 1pc of investors actively voted against their election at its annual general meeting.......................................Full Article: Source
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