“We have in place robust processes for people and leadership development to ensure smooth succession at the senior levels that will in turn ensure stable leadership,” reads the statement released on April 7.
United Overseas Bank (UOB) has issued its responses to “substantial and relevant” questions posed by its shareholders ahead of its annual general meeting (AGM), which is to be held on April 21. The questions by shareholders date up to April 4.
In one of the questions, which asked if UOB has a structured leadership succession plan in place and if the bank is considering a successor from within the family or elsewhere, the bank says it is focused on taking a “long-term and sustainable approach”.
