Cosmo Energy Holdings, an oil wholesaler, has determined to oppose a shareholder proposal demanding the appointment of outdoor administrators by funding firms concerned within the former Murakami Fund’s Yoshiaki Murakami. In addition, Cosmo has clarified its coverage to ask the overall assembly of shareholders to resolve whether or not to activate takeover protection measures in case Mr. Murakami buys extra shares.
Source
Cosmo Yoshiaki Murakami opposes shareholder proposal for election of outdoor director | NHK
