Business / Corporate Jul 29, 2019
In escalating clash, independent directors at Askul slam shareholder Yahoo Japan over vote
Independent directors of Askul Corp. criticized the company's biggest shareholder, Yahoo Japan Corp., for voting against their reappointment, escalating the public dispute before key meetings this week. The negative vote "trampled upon" corporate governance at Askul and makes it "almost impossible for independent directors to ...
Business / Corporate Jul 25, 2019
Yahoo Japan and Plus exercise their shareholder rights to oust Askul CEO
Yahoo Japan Corp. and Plus Corp. said Wednesday they have exercised their shareholder rights to oust four board members of stationery seller Askul Corp., including President and CEO Shoichiro Iwata. Askul shareholders are scheduled to meet Aug. 2. The moves by Yahoo and Plus, a ...
Business / Corporate Jun 25, 2019
Lixil shareholders back former CEO slate in move seen as victory for corporate governance in Japan
Shareholders of major housing equipment-maker Lixil Group backed on Tuesday a slate of board candidates supported by the company's ousted chief executive, a move that is likely to be seen as a victory for corporate governance in Japan. Shareholders at the toilet-maker's annual general meeting ...
Business / Corporate Jun 24, 2019
Nomura shareholders vote to re-appoint under-fire CEO Koji Nagai
Nomura Holdings Inc.'s besieged chief executive won a shareholder vote Monday, surviving a call for his ouster from the board following an information leak. CEO Koji Nagai was re-appointed at an annual shareholder meeting alongside nine other nominees proposed by the company, Japan's biggest brokerage ...
Business / Corporate Jun 19, 2019
Nomura shares jump on ¥150 billion buyback and governance tweaks
Nomura Holdings Inc. surged the most in more than two years in Tokyo trading after it announced a surprise ¥150 billion ($1.4 billion) share buyback along with plans to reduce its chairman's role to bolster governance. Just days before its annual shareholders meeting, Japan's biggest ...
Business / Corporate Jun 19, 2019
Nissan to accept Renault request for more representation on new committee: sources
Nissan will accept Renault’s request for more representation on the Japanese carmaker’s new board committees in a bid to secure approval for its governance reform proposal, sources say.
Business / Corporate Jun 6, 2019
Democratic U.S. presidential hopeful Bernie Sanders on Wednesday told Walmart Inc. shareholders and top executives that the world's largest retailer should boost the "starvation"-level wages it pays its workers and stop fueling income inequality. Speaking at Walmart's shareholder meeting, the U.S. senator said: "Despite the ...
Business / Corporate May 21, 2019
Japan Post Holdings Co. has acquired an equity stake of 1.91 percent in Daiwa Securities Group Inc. Daiwa revealed the deal in a notice Monday for its upcoming general shareholders meeting. According to the notice, Japan Post Holdings had 30 million shares in Daiwa as of ...
Business / Corporate Apr 8, 2019
Nissan shareholders officially oust Carlos Ghosn, bringing 20-year relationship to an end
by Kazuaki Nagata
Nissan CEO Hiroto Saikawa apologized for causing trouble over Ghosn’s case, which he described as “an unheard of incident” in the history of the automaker.
Business / Corporate Feb 17, 2019
Publicly traded firms' purchases of their own shares are expected to hit a record in fiscal 2018, which ends next month, as they are increasingly focusing on the interests of shareholders. Planned share buybacks for fiscal 2018 as of Sunday came to ¥6.7 trillion, about ...
Business Sep 29, 2018
Parent-subsidiary listings under closer scrutiny of Japanese investors
Companies listed on stock exchanges along with their subsidiaries have come under closer scrutiny by investors due to continuing concerns over corporate governance. Such listings serve a dual purpose for parent companies, as they can maintain their influence over subsidiaries and at the same time ...