Chip materials maker JSR to nominate ValueAct exec to board
By Reuters Staff 2 Min Read TOKYO (Reuters) - Japanese chip and display materials maker JSR Corp said on Monday it will nominate a partner of activist investor ValueAct Capital to be an external board director, a rare move in the country where activists are still viewed with suspicion by many. The nominee, ValueAct’s Robert Hale, marked a milestone in Japan’s corporate governance two years ago by joining the board of medical equipment and camera maker Olympus Corp. ValueAct Capital became a major shareholder in JSR with more than a 7% stake early last year. JSR, established in 1957 as a g...
Source: reuters.com