Shareholders led by U.S. buyout fund Steel Partners ousted the management of wigmaker Aderans Holdings Co. on Thursday in a revolt signaling investors are winning more influence over how Japan’s companies are run.
Chief Executive Officer Takayoshi Okamoto and six directors of the nation’s biggest wigmaker were voted out during a shareholders’ meeting when the company sought approval of reappointing them to their positions, company spokeswoman Maki Ichikawa said.
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