Japan's Fuji Media faces boardroom battle
The company and its subsidiary Fuji Television Network have come under fire since the scandal involving former pop star Nakai Masahiro came to light.
Fuji Media has named eleven candidates for the board. They include the president of Fuji TV, Shimizu Kenji, and the former president of the FamilyMart convenience-store chain, Sawada Takashi.
But US-based Dalton Investments has proposed 12 candidates of its own. They include the head of Japanese financial services company SBI Holdings, Kitao Yoshitaka, and the former president of Japan Display, Kikuoka Minoru.
Each candidate will be voted on individually, so the board could end up including members of both sides.
Fuji Media and Fuji TV have proposed a management reshuffle and improvements to corporate governance in response to the scandal.
But Dalton is calling for stronger measures, including the appointment of external directors. The fund also says the company's real estate arm should be separated because it is unrelated to broadcasting.
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