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Former Chairman of Sekisui House and others to renew management and propose shareholder to return to director

2020-02-17T11:27:07.794Z

Former chairman of Sekisui House, a major housing maker who was forced to resign over a huge loss due to land transactions, at a general shareholders meeting in April…



Former Chairman of Sekisui House and others renew management and propose shareholder to return to directors February 17 20:16

Former chairman of Sekisui House, a major housing maker who has been forced to resign over a huge loss due to land transactions, has called for a renewal of the current management team at the shareholders' meeting in April and calls for return to the board of directors Clarified that we will make a shareholder proposal.

Sekisui House, which is headquartered in Osaka City, has two years ago when management clashed over the responsibility for recording an extraordinary loss of over 5.5 billion yen due to a land transaction in Tokyo related to the ground master group fraud case. At that time, Mr. Isamu Wada, who was then chairman, was forced to resign.

Former chairman Wada and Senior Managing Director Fumiyasu Suguro will hold a press conference in Tokyo on the 17th, apparently requesting the appointment of 11 director candidates, which were independently organized at a general meeting of shareholders scheduled to be held in April, and making a shareholder proposal. Did.

The proposal calls for the renewal of the current management team, excluding Mr. Suguro, and the appointment of seven independent outside directors, including former chairman Wada, as well as lawyers and managers of overseas investment companies.

Regarding the reasons for the proposal, Mr. Abe and other current management have not disclosed appropriate information regarding the land transaction in question, and the governance of the company is not functioning.

Former Chairman Wada said at the conference, "The goal is not to return to active duty, but to make corporate governance thoroughly transparent."

Sekisui House has received a letter dated March 14 regarding the shareholder proposal and commented that "We will notify the Board of Directors' opinion as soon as it is determined."

Source: nhk

Business 2020-04-01T15:19:07.304Z
business 2020/04/02    

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