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Webber shines searchlight into shipping’s boardrooms
Wells Fargo report finds most boards are packed with industry expertise but consultant criticises ‘a lack of independence compared to what you’d expect’
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Found an interesting story?
Webber shines searchlight into shipping’s boardrooms
Wells Fargo report finds most boards are packed with industry expertise but consultant criticises ‘a lack of independence compared to what you’d expect’
Whether you love or hate Michael Webber’s periodic attempts to hold public shipowners to account on corporate governance practices, you have to give the Wells Fargo analyst credit for one thing: he keeps refining his criteria.
After focusing his first two six-monthly reports primarily on various types of related-party relationships between public and private interests, the new “governance scorecard” released this week brings board practices under greater scrutiny than before.
How companies choose and run their boards now makes
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