Popular on s4story
- Keepy Uppy™ by Ollyball Wins Prestigious 2025 Influencer Award from Clamour & The Toy Association; Announces Fall 2025 Launch at Target Stores
- Jasmine Farrell Releases New LGBTQ+ Poetry Collection - Rising From the Roots
- Venardi Zurada LLP Offers Legal Support to Families After Deadly Lake Tahoe Boat Capsizing
- K2 Integrity's U.S. and EMEA Teams Recognized in Chambers and Partners 2025 Guides
- Elevated Healing Treatment Centers: Redefining Mental Health Care with Compassionate, Evidence-Based, and Accessible Services
- Holiday Inn Express North Hollywood Burbank Area Announces Conversion to Hampton Inn North Hollywood
- Lottery.com Inc. Secures $300 Million in Growth Capital, Confirms Nasdaq Compliance & Acquires UAE Sports Incubator Amid High-Profile Brand Exposure
- ASI Accelerates iMIS® Innovation by Acquiring CSI's Product Suite and Expert Team
- Anna D. Banks' Street Smart, Money Smart Hits #1 on Amazon Teen & Young Adult New Releases Chart
- Nationally Recognized Hispanic Activist and Businessman, Luis Figueroa, to speak at CPAC Latino 2025, Showcasing Hispanic Leadership in Action
Similar on s4story
- Santa Monica Businesses Push Back on Bus Stop Relocation That Threatens Access and Safety
- The Blue Luna Encourages Local Schools to Take Steps to Enhance Safety for Students and Staff
- Smart Resnse Unveils Smart Resnse(SRMS) Token-Powered AI Orchestration Platform to Revolutionize Multi-Billion Dollar Market
- Cover Girl Finalist Teisha Mechetti Questions Legitimacy of Inked Originals Competition, Demands Transparency
- The World's Largest Green Economic Revolution Emerges as Nature, Tech, and Finance Converge
- Pyro Marketing Opens New Digital Marketing Company to Power Growth for Fitness and Ecommerce Brands
- Dr. John Salerno of Salerno Wellness Introduces Their New Full Body Capsule for Advanced LED Light Therapy Patient Treatments
- Adostics & Genmega Announce the Introduction of A-POD
- LIB and Nidec Rejoin Forces for Giant TH-0098 Temperature Humidity Test Chamber
- NASA Collaborative Agreement for Supply of Thin-Film Solar Tech for Orbital Application to Advance Development of Thin-Film PV Power Beaming: $ASTI
Kyoto District Court Confirms Validity of RMB's Shareholder Proposal at Faith for a Spin-off IPO of Nippon Columbia
S For Story/10485782
CHICAGO--(BUSINESS WIRE)--RMB Capital ("RMB"), a Chicago-based independent investment advisory firm, is a long-term shareholder of Faith Ltd. (4295 JP, "Faith") and owns approximately 10% of the firm's total outstanding shares.
The Kyoto District Court ("the Court") confirmed the validity of RMB's shareholder proposal to spin-off Nippon Columbia ("the Proposal") at the 29th annual general shareholders' meeting at Faith, scheduled for June 2021 ("the AGM"). The court's ruling was issued on the petition for provisional disposition filed by RMB in May. The Court declined RMB's request to add the Proposal at the AGM due to time constraints, however.
The Court's ruling confirms that Faith's board has unfairly refused to include the Proposal and that the board's decision is inappropriate and unlawful and suppresses shareholders' opportunity to discuss this important managerial decision at the AGM. RMB believes the Court's decision implies Faith's board completely lacks a law-abiding spirit and effective corporate governance system, both of which need to be addressed immediately to protect the interest of minority shareholders. Further, RMB demands that Faith's independent directors investigate the board's decision-making process in rejecting the Proposal, then disclose the details of that investigation to the shareholders immediately.
More on S For Story
RMB hopes to realize the spin-off IPO of Nippon Columbia and improvement in the compliance and corporate governance system at Faith through the nomination of the outside director proposed by RMB as the AGM item # 4, on which RMB once again calls for minority shareholders to support, along with item # 3 (share repurchase proposal).
Please refer to Faith Activism for RMB's past press releases.
About RMB Capital
Headquartered in Chicago, RMB Capital is an independent investment advisory firm that serves high-net-worth individuals and families as well as institutional investors. Its businesses include wealth management, family office services, asset management, and retirement plan consulting. Its asset management business specializes in long-term, concentrated, active investing strategies with coverage that spans the market-cap spectrum and the globe. To learn more about RMB, visit https://rmbcapital.com.
The Kyoto District Court ("the Court") confirmed the validity of RMB's shareholder proposal to spin-off Nippon Columbia ("the Proposal") at the 29th annual general shareholders' meeting at Faith, scheduled for June 2021 ("the AGM"). The court's ruling was issued on the petition for provisional disposition filed by RMB in May. The Court declined RMB's request to add the Proposal at the AGM due to time constraints, however.
The Court's ruling confirms that Faith's board has unfairly refused to include the Proposal and that the board's decision is inappropriate and unlawful and suppresses shareholders' opportunity to discuss this important managerial decision at the AGM. RMB believes the Court's decision implies Faith's board completely lacks a law-abiding spirit and effective corporate governance system, both of which need to be addressed immediately to protect the interest of minority shareholders. Further, RMB demands that Faith's independent directors investigate the board's decision-making process in rejecting the Proposal, then disclose the details of that investigation to the shareholders immediately.
More on S For Story
- Psychedelics for Vets? CCHR Cites History of Exploitation and Failed Science
- GreenPal Empowers Lawn Care Pros Leveraging AI, Surpasses 5 Million Transactions
- Bilingual Children's Book Where Nopalitos Grow Added to Los Angeles Public Library Collection
- Children's Book Series Sofia & Cleo Celebrates Autism Acceptance with Kickstarter Launch
- Interview with Dr. Eboni Ivory Green About Her New Book - Journey Beyond the Yellow Brick Road
RMB hopes to realize the spin-off IPO of Nippon Columbia and improvement in the compliance and corporate governance system at Faith through the nomination of the outside director proposed by RMB as the AGM item # 4, on which RMB once again calls for minority shareholders to support, along with item # 3 (share repurchase proposal).
Please refer to Faith Activism for RMB's past press releases.
About RMB Capital
Headquartered in Chicago, RMB Capital is an independent investment advisory firm that serves high-net-worth individuals and families as well as institutional investors. Its businesses include wealth management, family office services, asset management, and retirement plan consulting. Its asset management business specializes in long-term, concentrated, active investing strategies with coverage that spans the market-cap spectrum and the globe. To learn more about RMB, visit https://rmbcapital.com.
Filed Under: Business
0 Comments
Latest on S For Story
- Emmy-Winning Journalist José Martínez Releases Debut Book Your English is Great, But…
- The Blue Luna Encourages Local Schools to Take Steps to Enhance Safety for Students and Staff
- The Sessions Studios Secures $300 Million Commitment to Launch World-Class Studio and 15-Film Global Slate
- Smart Resnse Unveils Smart Resnse(SRMS) Token-Powered AI Orchestration Platform to Revolutionize Multi-Billion Dollar Market
- Josh and Heidi Follow Up the Much Anticipated and Successful Launch of the "Spreading the Good BUZZ" Podcast with a Personal Request
- Revolutionary Blockchain Platform Okh Finance Announces Okh Finance(OKKH) Token Launch to Transform Global Asset Leasing Market
- Cover Girl Finalist Teisha Mechetti Questions Legitimacy of Inked Originals Competition, Demands Transparency
- Author Launches The Starlight Bond Website with Movie Licensing Proposal
- Easton & Easton, LLP Files Suit Against The Dwelling Place Anaheim & Vineyard USA Over Abuse Allegations
- AI Visibility: The Key to Beating Google's AI Overviews and Regaining Traffic
- Stuck Doing Math or Figuring Out Life's Numbers? Calculator.now Makes It Stupidly Simple
- Colbert Packaging Announces WBENC Recognition
- DivX Empowers Media Enthusiasts with Free Expert Guides for Advanced MP4 Management
- Northport's Family Night Welcomes Local Author and a Tale of Ancient Secrets
- Assent Expands Executive Team to Accelerate Global Growth & Innovation
- "Menace: An Agent Dean Cold Novel" by Ray Keating Lands Soon!
- The World's Largest Green Economic Revolution Emerges as Nature, Tech, and Finance Converge
- Vinnetwork Unveils Decentralized AI Platform with Vinnetwork(VIN) Token to Challenge Tech Giants' Data Monopoly
- The Starlight Bond: A Romantasy Saga - Ignites a New Dawn on Amazon
- Centennial Flyers to Become Colorado's First Launch Customer for All-Electric B23 Energic Aircraft