HSBC shareholders fear succession plan thrown off-course
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London
SOME major shareholders in HSBC want the bank to give greater reassurance on succession planning for its chairman and chief executive, concerned that a timetable for replacing veterans Douglas Flint and Stuart Gulliver may be slipping.
Three of four top-20 shareholders interviewed by Reuters said that they were worried that a revamp of the bank's long-serving leadership had been knocked off course by several competing demands, denting hopes for a speedy refresh of HSBC's culture and strategy.
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