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STANDARD chartered (STAN).

Recent newsflow from Standard Chartered would suggest that bankers don't get too fussed about such trifling issues as corporate governance guidelines. The UK's combined code on corporate governance doesn't take kindly to the appointment of a chief executive to the chairman's job, yet that's just what Standard has done. Rather surprisingly, present chief executive Mervyn Davies has been appointed as non-executive chairman - he is being replaced by the incumbent finance director, Peter Sands.

Standard, of course, is in good company - both HSBC and Barclays have skirted a

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