#Latest news with #KitaoYoshitakaNHK22-05-2025BusinessNHKDalton fund says no progress in Fuji TV talks on new boardA major shareholder in Fuji Television Network's parent company says it remains at odds with the broadcaster over installing a new board of directors. The two have agreed to continue talks on the competing board proposals, but a final decision may be left to a full shareholder meeting next month. The two sides held discussions in Tokyo on Wednesday. US fund Dalton Investments was represented by founder and Chief Investment Officer Jamie Rosenwald in the sit down with Fuji Television Network President Shimizu Kenji. Rosenwald told reporters after the meeting that no progress was made in resolving the conflict over who will be on the new board. "I felt really a shame that corporate governance was not strong enough at Fuji Media to understand that these 12 directors we put forward were super talented and would add value to the company," Rosenwald said. Dalton's proposal for the Fuji Media Holdings board includes Kitao Yoshitaka. He is the head of Japanese financial services giant SBI Holdings. Fuji Media's list includes Sawada Takashi, the former president of the FamilyMart convenience store chain. Dalton is demanding change at the broadcaster after a sexual misconduct scandal prompted an exodus of advertisers and led to the company's first-ever annual net loss.
NHK22-05-2025BusinessNHKDalton fund says no progress in Fuji TV talks on new boardA major shareholder in Fuji Television Network's parent company says it remains at odds with the broadcaster over installing a new board of directors. The two have agreed to continue talks on the competing board proposals, but a final decision may be left to a full shareholder meeting next month. The two sides held discussions in Tokyo on Wednesday. US fund Dalton Investments was represented by founder and Chief Investment Officer Jamie Rosenwald in the sit down with Fuji Television Network President Shimizu Kenji. Rosenwald told reporters after the meeting that no progress was made in resolving the conflict over who will be on the new board. "I felt really a shame that corporate governance was not strong enough at Fuji Media to understand that these 12 directors we put forward were super talented and would add value to the company," Rosenwald said. Dalton's proposal for the Fuji Media Holdings board includes Kitao Yoshitaka. He is the head of Japanese financial services giant SBI Holdings. Fuji Media's list includes Sawada Takashi, the former president of the FamilyMart convenience store chain. Dalton is demanding change at the broadcaster after a sexual misconduct scandal prompted an exodus of advertisers and led to the company's first-ever annual net loss.
22-05-2025
