Hsbc Under Fire for Flint Appointment

Summary


HSBC Holdings, Europe's biggest bank, will "have some explaining to do" to investors on why it ignored best corporate practice and chose an executive director as chairman, PIRC, a leading advisory service. said yesterday, writes Douglas Hamilton.

PIRC said in a weekly newsletter that HSBC needed to explain why it "continues to flout best practice by picking executives as chair".

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Extract


Hsbc Under Fire for Flint Appointment

The bank said on Friday that finance director Dou...

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