3D Calls on Outside Directors to Address Sapporo’s Prolonged Underperformance
Retrieved on:
Tuesday, November 8, 2022
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3D believes it is essential that Outside Directors seek opinions and new ideas from shareholders as they fundamentally reexamine Sapporo's existing management policies.
Key Points:
- 3D believes it is essential that Outside Directors seek opinions and new ideas from shareholders as they fundamentally reexamine Sapporo's existing management policies.
- Sapporos new Medium-Term Management Plan (the MTMP) must address the root causes of Sapporos prolonged underperformance.
- In October 2022, 3D requested that Sapporo's Outside Directors initiate a comparative review of the Value Enhancement Plan and the new MTMP formulated by Sapporo's management team.
- Outside Directors need to solicit a broader range of shareholders views on what they expect from Outside Directors.