While Mr. Green should not have moved up from CEO to Chairman, at least he gave up the CEO position. Not everyone does, particularly in the US where hardly anyone does.
Now he has outlined the separate roles and the specific functions for each role.
This is a good move and the descriptions for each role sound like a good separation of these roles.
Well done Mr. Green!
Onésimo Alvarez-Moro
See full article:
Stephen Green, HSBC chairman, plans to run the world's fourth-biggest bank as a "double act" with Michael Geoghegan, the new chief executive, in a distinct shift from the approach favoured by Sir John Bond, his predecessor.
In an interview with the Financial Times, Mr Green has also made a robust defence of recent strategic missteps that have knocked the bank's share price.
See full Article (paid subsription required).
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