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Olympus had three external directors, a high number for Japan.
The call for more external directors has also caused agitation.
Without external directors, no such transaction could take place.
Shareholder proposals and votes signalling disapproval of management or of external directors are becoming more common.
Israeli companies must have two external directors selected by noncontrolling shareholders.
First, BlueMountain doesn't have to do much to oust the old external directors.
Similar(26)
According to Nicholas Benes, an external director at the reconstituted holding company for the Livedoor group, that this latest deal is regarded as Japan's first hostile takeover "shows how much we are still in the early years".
An external-director system became mandatory in South Korea in 1998.
COLLEGE DUKE -- Named Mike Jarvis II basketball assistant player development/team manager, Debbie Krzyzewski Savarino external relations director for basketball, David Bradley recruiting coordinator men's basketball, and Max Perkins basketball intern.
2.44pm: I've been on the phone to Richard Aylard, the external affairs director at Thames Water.
The company will be represented by external affairs director Guy Johnson at the select committee.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com