Oasis Management Submits a Shareholder Proposal to GMO Internet Inc.
January 18, 2018 at 12:01 am
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On January 19, Oasis Management Company Ltd announced that it has submitted shareholder proposals for GMO Internet Inc. general shareholders meeting which aims to improve the Company's corporate governance and realize sustainable growth for all stakeholders. Oasis Management’s proposals include proposals related to: (1) abolition of the takeover defense measure: (i) abolishment of policy for large scale purchase of the Company’s shares, (ii) partial amendment of the articles of incorporation, and (2) proposals related to governance restructuring: (i) change to the system for company with nominating committee, etc., (ii) prohibition of concurrent posts of president and chairperson of the board of directors, (iii) election of directors by cumulative voting, and (iv) setting compensation amount for directors.
GMO Internet Group Inc, formerly GMO Internet Inc, is engaged in Internet infrastructure business, Internet advertising and media business, Internet finance business, crypto asset business and incubation business. The Company operates through five segments. The Internet Infrastructure segment is engaged in domain business, cloud hosting business, electronic commerce (EC) support business, security business, and access business. The Internet Advertising and Media segment is engaged in Internet advertising business, Internet media business, and Internet research business. The Internet Finance segment provides financial instruments trading services such as online securities trading services and foreign exchange margin trading services. The Crypto Asset segment is engaged in the business related to crypto asset exchange and mining. The Incubation segment invests in unlisted companies, mainly Internet-related companies. The Company is also engaged in the mobile entertainment business.
GMO INTERNET GROUP, INC. 
