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Top Glove's independent directors suffer ire of institutional investors
Tension between institutional investors and corporate boards could well be a positive force in the effort to enhance corporate governance standards in the local market
The reproach of investors such as BlackRock and Norges do not appear to have cowed Top Glove.
PHOTO: REUTERS
THE stinging rebuke suffered by the board of Top Glove from BlackRock this past week is a warning to directors of all public-listed companies that passive institutional investors with relatively small stakes have the means and motive to hold them personally responsible for problems that come to...
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