{"id":3078,"date":"2019-04-18T10:26:54","date_gmt":"2019-04-18T17:26:54","guid":{"rendered":"https:\/\/dev.darsky.com\/dalton\/?p=3078"},"modified":"2025-04-30T13:15:17","modified_gmt":"2025-04-30T20:15:17","slug":"dalton-delivers-second-minority-shareholder-proposal-to-shinsei-bank","status":"publish","type":"post","link":"https:\/\/dev.darsky.com\/dalton\/dalton-delivers-second-minority-shareholder-proposal-to-shinsei-bank\/","title":{"rendered":"Dalton Delivers Second Minority Shareholder Proposal to Shinsei Bank"},"content":{"rendered":"\n<p><strong>April 3, 2019<\/strong><\/p>\n\n\n\n<p>On April 3, 2019 (Tokyo time), Dalton Investments delivered a second minority shareholder proposal to the Board of Directors of Shinsei Bank, Limited (the \u201cBank\u201d), a company held in the accounts of various Dalton clients. \u00a0Further to Dalton\u2019s core investment principles of \u201calignment of interest,\u201d the proposal requests the appointment Dalton co-Founder Jamie Rosenwald to the Bank\u2019s Board of Directors, where he would pursue (i) caps on Board compensation, (ii) implementation of a new compensation system, and (iii) implementation of a share repurchase and cancellation program of Bank shares.<\/p>\n\n\n\n<p>The full proposal is available <a href=\"https:\/\/dev.darsky.com\/dalton\/wp-content\/uploads\/2019\/04\/Shinsei-Proposal-2019.04.03.pdf\">here<\/a>.<\/p>\n\n\n\n<p>The proposal is the culmination of dialogue with the Bank\ngoing back to the letters Dalton delivered to the Bank on February 18, 2019 and\nMarch 23, 2017, available <a href=\"https:\/\/dev.darsky.com\/dalton\/dalton-calls-massive-buybacks-board-seat-shinsei-bank\/\">here<\/a> and&nbsp;<a href=\"https:\/\/dev.darsky.com\/dalton\/bloomberg-reports-dalton-investments-delivery-corporate-engagement-letter-shinsei-bank\/\">here<\/a>, and Dalton\u2019s 2018 minority shareholder proposal,\navailable <a href=\"https:\/\/dev.darsky.com\/dalton\/bloomberg-reports-daltons-minority-shareholder-proposal-shinsei-bank\/\">here<\/a>. This effort continues Dalton\u2019s\ncommitment to corporate engagement in Japan, starting with the management\nbuyout of Sun Telephone in 2006, and continuing through Dalton\u2019s acceptance of\nthe&nbsp;<a href=\"https:\/\/dev.darsky.com\/dalton\/dalton-accepts-japan-stewardship-code\/\">Japan\nStewardship Code<\/a>&nbsp;&nbsp;in 2016,\nand a Dalton team member joining the board of directors of&nbsp;<a href=\"https:\/\/dev.darsky.com\/dalton\/prestige-international-of-japan-nominates-dalton-kk-ceo-as-independent-director\/\">Prestige\nInternational<\/a>&nbsp;also in 2016.<\/p>\n\n\n\n<p>About\nDalton Investments<\/p>\n\n\n\n<p>Dalton\nInvestments LLC is a value-focused investment management firm with expertise in\nAsia and global equities. Headquartered in Los Angeles, with subsidiary offices\nin Tokyo and Mumbai, Dalton manages $3.7 billion (February 28, 2019) in\nactively managed long-only and long\/short strategies for pensions, endowments,\nfoundations, financial institutions and family offices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>April 3, 2019 On April 3, 2019 (Tokyo time), Dalton Investments delivered a second minority shareholder proposal to the Board of Directors of Shinsei Bank, Limited (the \u201cBank\u201d), a company held in the accounts of various Dalton clients. \u00a0Further to \u2026<br \/><a class=\"read-more\" href=\"https:\/\/dev.darsky.com\/dalton\/dalton-delivers-second-minority-shareholder-proposal-to-shinsei-bank\/\">read more &gt;<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[27],"tags":[],"class_list":["post-3078","post","type-post","status-publish","format-standard","hentry","category-dalton-actions","wpautop"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - 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