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.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.
We humbly apologize for the inconvenience.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.