The separation of ownership from management was a trend in the US as well as European countries, and it was unreasonable to criticize the legitimacy of Cheng's chairmanship based on the amount of shares he holds, the company said.
Tue, Jun 20, 2006 - Page 12 News List
Mega Financial faces board shake-up
CHANGES The government will relinquish control of the board, retaining seven seats instead of eight in an alliance with foreign shareholders, a MOF source said
By Amber Chung / STAFF REPORTER
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