CHIBA -- Livedoor Co. investors finally had their say Wednesday as the scandal-tainted firm held its first shareholders' meeting since its top executives were arrested in January.

During the extraordinary shareholders' meeting at the Makuhari Messe convention center in Chiba, the Internet firm tried to sever any lingering ties with its disgraced former executives and put fresh faces on the board of directors.

It is also the first shareholders' meeting since Usen President Yasuhide Uno personally purchased a 12.75 percent stake in Livedoor from Fuji Television Network Inc. Usen and Livedoor then established business ties in the Internet portal business.