April 7, 2011
Proxy Fight in Japan
Public corporate governance disputes disputes are uncommon in Japan, and wins by dissident shareholders are even less common in Japan than they are in the United States. But here's one worth watching--a Japanese proxy fight where the dissident may actually win.
The Wall Street Journal reports that Aeon Co., which owns 12.3% of the voting stock of Parco Co., is planning a proxy fight to oust Parco's President and four other board members. Aeon may win the fight. Parco's largest shareholder, Mori Trust Co., which owns 33.2% of Parco, will support Aeon's effort.
What are the further report on this..is the fight still there.
Posted by: free anonymous proxy | Apr 25, 2011 11:48:05 PM