Dalton Investments’ affiliate, Rising Sun Management (“RSM”) has announced its intent to submit shareholder proposals to Fuji Media Holding (“FMH”) for a new slate of directors for the firm’s Board. Dalton believes that a refreshed Board of Directors a FMH is necessary to help implement recommended changes at the firm, including: 1) continued governance reform, 2) spinning-off the real estate business, 3) unwinding cross shareholdings, 4) reforming of Fuji TV’s core business. Read the piece here.
