A US investment fund says it wants to appoint 12 new faces to the board of Japan's Fuji Media Holdings to improve corporate governance.
The company and its subsidiary Fuji Television Network have come under criticism for their handling of a scandal involving a major TV star.
Fuji Media said last month it will reduce the number of board directors from 15 to 11 in June.
Dalton Investments is a major shareholder in Fuji Media, with more than a 7-percent stake. Dalton announced its candidates on Wednesday.
They include Kitao Yoshitaka, the head of large Japanese financial services provider SBI Holdings.
The US investment fund is expected to work with other stockholders to get its proposal approved at a Fuji Media shareholder meeting in June.
Dalton's latest move came after the revelation last week that Japanese activist investor Murakami Yoshiaki's affiliates had acquired a stake of nearly 12 percent in Fuji Media.
The company and its subsidiary Fuji Television Network have come under criticism for their handling of a scandal involving a major TV star.
Fuji Media said last month it will reduce the number of board directors from 15 to 11 in June.
Dalton Investments is a major shareholder in Fuji Media, with more than a 7-percent stake. Dalton announced its candidates on Wednesday.
They include Kitao Yoshitaka, the head of large Japanese financial services provider SBI Holdings.
The US investment fund is expected to work with other stockholders to get its proposal approved at a Fuji Media shareholder meeting in June.
Dalton's latest move came after the revelation last week that Japanese activist investor Murakami Yoshiaki's affiliates had acquired a stake of nearly 12 percent in Fuji Media.
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Summary
US investment fund Dalton Investments aims to appoint 12 new board members to Japan's Fuji Media Holdings, aiming to improve corporate governance following a scandal involving Fuji Television Network. Dalton, a major shareholder with over 7%, announced its candidates last week, including Kitao
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ID: 0d82efaa-bd98-4c1c-98bb-6bc601b3cd3a
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20250416_B4/
Created: 2025/04/17 07:00
Updated: 2025/12/08 04:49
Last Read: 2025/04/17 07:20