| The world’s largest sovereign wealth fund has warned the biggest US banks that time is running out for them to end the highly contentious practice of combining the roles of chief executive and chairman.
Yngve Slyngstad, chief executive of Norway’s $810bn fund, said that while the battle to split the roles in many US companies could take a generation, it was “not in a sustainable position”. “There is a special consideration for banks given that history of 2008 which makes it untenable for companies not to separate the roles,” he added...............................................Full Article: Source
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