1. Japan's Olympus to Propose Board Seat for Activist Investor ValueAct

    Japan's Olympus to Propose Board Seat for Activist Investor ValueAct

    TOKYO (Reuters) - Japan's Olympus Corp said it would propose to give top shareholder U.S. hedge fund ValueAct Capital a seat at its board, a rare move in the country where activists are still viewed by companies as asset-strippers to be resisted. The Japanese medical equipment and camera maker also said Yasuo Takeuchi, its vice president, will become chief executive officer from April 1, replacing Hiroyuki Sasa. Shares of Olympus jumped more than 10 percent after the announcements on Friday...

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    1. The governance changes Olympus announced today will better enable the board to support and supervise management in their implementation of Olympus's strategy to become a global leader in the medical technology Industry.
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