SFTBY - SoftBank CEO Masayoshi Son Sees Shareholder Support Plunge For His Reappointment After Proxy Advisor's Recommendation: Report | Benzinga
SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) CEO Masayoshi Son has reportedly seen a significant drop in shareholder support for his reappointment, falling from 95.93% to 79.22% in a year. This follows a recommendation by proxy advisor Institutional Shareholder Services (ISS) against his reappointment.
What Happened: The decline in support for Son’s reappointment was driven by the ISS’ recommendation, which cited SoftBank’s average return on equity of less than 5% over the past five years, Reuters reported. This was revealed in a stock market filing on Tuesday.
Notably, the reappointment of external director Kenneth Siegel also ...