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Shareholders should back only qualified directors

They need to exercise more informed voting, otherwise the quality of boards and corporate governance is likely to deteriorate.

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RECENTLY, I went to a rather sparsely attended AGM. Before the voting for the election of the directors began, I asked the chairman a number of questions.

The board has four independent directors, three of whom (including the chairman) having served between 10 and 12 years; the board and