More directors are pushing back on shareholder critics, TCorp says
Powerful chief executives of major ASX-listed companies are strong-arming their boards into opposing shareholders who highlight issues around a firm's governance or even potential conflicts of interests, according to NSW's $120 billion sovereign wealth fund TCorp.
An increasing number of directors were comfortable saying that 'they think shareholders have got it wrong' when challenged, TCorp's head of investment stewardship Alexis Cheang told AFR Weekend.
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