In response to Monday Report Nikkei of Dalton Investments, a US-based funding administration firm, has leaned SBI Holdings CEO Yoshitaka Kitao as a candidate for the board of administrators of Fuji Media Holdings, Japan’s largest media conglomerate.
Activist traders who’ve giant investments within the media big have beforehand expressed their dissatisfaction with the corporate’s governance.
Earlier this yr, Fuji Media was a scandal hit announcement A considerable government restructuring aimed toward restoring shareholder trusts.
Chairman Shuji Kano resigned in January together with Fuji TV Head Koichi Minato. The corporate additionally diminished the variety of administrators to simply 10. Hisashi Hieda, 87-year-old director of a Japanese media conglomerate; It is referred to as to cease it In March.
The newest proposal, proposed by activist investor U.S.-based Dalton, is meant to encourage additional administration adjustments throughout the struggling firm.
After all, Kitao is named a longtime ally of San Francisco-based enterprise blockchain firm Ripple. In 2019, the 74-year-old entrepreneur turned a member of Ripple’s board of administrators, however left the place two years later. One in every of his newest social media posts highlights Ripple’s use case for RLUSD Stablecoin.
The Fuji Media Conglomerate consists of the extremely influential Japanese Fuji TV Community, which produces hit drama collection, selection reveals, anime and extra. It additionally affords digital media and streaming providers. Fuji Media shouldn’t be confused with Fujifilm, a Japanese firm specializing in cameras.
