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HSBC bows to shareholder pressure

Sunday, 2 December 2007

HSBC has caved in to Knight Vinke, the activist shareholder, which questioned the independence of the bank's non-executive directors and accused it of underperformance. The bank has been shopping at French supermarket Carrefour for a new board member, and late on Friday it appointed the retailer's chief executive and chairman, Jose Luis Duran, as a new non-executive director. But the move is unlikely to silence Vinke.

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[info]commentonthisx wrote:
Tuesday, 28 April 2009 at 05:02 pm (UTC)
Its interesting how just a 'questionable' bit of organizational leadership can totally change the prospects of a company just like that *clicks. Just show how valuable training and leadership etc is to these organisations.
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