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Reuters Breakingviews

Friday, May 18, 2012 - 04:08

May 18 - Agenda-setting financial insight from Reuters global commentary unit Breakingviews.

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The show notice spring very much a focus of breaking news today Singapore's temasek an unlikely champion of corporate governance. Is one story and protests. Against aren't just -- the -- suggest Chad the shareholders spring. Is the new normal I'm rubber coated with a high yet. Aren't so Singapore's. Temasek measures anonymous. So that's socialist. They give it to the front door to let let -- commitments of -- health warning on Monday until we got an absolute fact is that -- extensions tightly 19%. Again it's against the certain votes in terms of the old. Yeah on the tennis and ninety cents RC staff so we're seeing it was time a second win would you know having night law investigations what did we hit it and nothing. Two to the contrary. I end until it's it's keeping it a state spying is very very quietly and that and that's -- point really is just sort of exploring that because. It's great that 10% -- standing up on and making well. Is that putting some pressure -- what's happening. All on the bold and let's be clear I mean the standard chartered has some issues with the independence there is a slide pops mismatch between. The exact is in the known exactly so -- early -- saying it looked at this -- -- -- -- this is is a really bad chopped flat yeah but. But the point. If they if it which is critical to to get to is that -- is can making the pressure of felt so the show will be surprised. I that I mean I holdings at a number of Chinese banks sorely spent. And moving that way but should we should we be surprised surprises I think. Think we should welcome it -- and and it shows that if you bought the the shareholders. Desire to. Stand up when and and show their responsibilities and just about London market its overseas. That is -- -- little twist as well it cools. Which goes further to explain why Tennessee is playing its cards so close to its chances because it clearly has big stakes in some of the Chinese bank yes right. I'm -- would like to improve the corporate governance standards that but not the kind of different issue and I think you know we have to grapple with here is that. There's a difference and inconsistency of the diplomat. All right let's look at the pros were up because they don't just have the agent that this that this is -- company and a -- that is doing well yeah. How many sets us on -- until you would not expect spent 30% protests -- yet but that's what we don't yet what are we -- out well because. Basically because I think that it's. The -- just don't look too much money was gotten. Getting to. Cutting to the -- Apple's right to solve all of the prudential those hillsides of -- qualms about performance standards of performance indicate this. Measures being -- so popular for a performance period. But the point -- point hey that would trying to my kids that 30% is the new normal protest thugs. And if a and again you know it's not the biggest thing in the -- for the groom and maybe a year ago two years ago would have got through a full percent 5% total votes against it. And she that would been you know almost shrugged off now -- protest funds. On a relatively stable base it gets it gets a vote to 30% yes. Not that doesn't maiden as it might have done previously. The the board has to give up on and completely we rocked it but no committee shrug it off from the child as well. Have to keep pressure -- so I think you know there is a and there's a new normal emerging in terms of these notes. Okay very good Robert many thanks for that Robert -- -- -- -- what should our US show the break you be sure that comes on it every day 12:30 eastern 717. That's the BST. I'm -- problems sources.

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Reuters Breakingviews

Friday, May 18, 2012 - 04:08