Askul Independent Directors Slam Yahoo Japan in Escalating Clash

Independent directors of Askul Corp. criticized the company’s biggest shareholder Yahoo Japan Corp. for voting against their reappointment, escalating the public dispute before key meetings this week.

The negative vote “trampled upon” corporate governance at Askul and makes it “almost impossible for independent directors to oversee conflicts of interest,” Kazuo Toda, Hideaki Miyata and Atsushi Saito told the Tokyo Stock Exchange in a statement on Sunday.