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Opalesque Exclusive: Liechtenstein well received in first public appearance in Japan
Opalesque Note: The Daily Yomiuri ran a story today in its English print version (online available only in Japanese, click here), reporting on Warren Liechtenstein’s first public appearance in Japan. Liechtenstein told present reporters his fund is a long-term investor, with a typical holding period of three to five years, and that he and his team are here “to help Japanese firms and executives”.
Investors in Japan warn on governance, pension association says poor corporate governance responsible for millions of pensioners losing retirement income
From the FT: High-profile investors in Japanese companies on Tuesday said poor corporate governance was hurting the country’s ability to become a leading financial centre. The government of Shinzo Abe, prime minister, will next Tuesday unveil plans to make it a priority to boost Japan’s competitiveness as a financial centre.
Warren Lichtenstein, chief executive of Steel Partners, the activist fund, said Japan’s efforts to become a financial centre to rival New York and London “will never happen” unless the country reforms its governance structure and “the companies respect the capital that they have and the public markets”.
Tomomi Yano, executive managing director of the Pension Fund Association, with Y13,500bn ($111bn) under m...................... To view our full article Click here
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