CHICAGO--(BUSINESS WIRE)--On May 19, 2017, Shobunsha Publications, Inc. (9475 JP, TSE 1st section) announced that its board of directors approved a plan to install a compensation committee, effective in June 2017. RMB Capital has made proposals to the management of Shobunsha to set up a compensation committee since the annual general shareholders’ meeting last year. We welcome the decision by the board of directors to install the committee, and we highly appreciate the prompt action by the management of Shobunsha to reflect shareholders’ opinions. We firmly believe that the standard of the corporate governance at Shobunsha will be further elevated by the installment of the committee. We will continue to engage with the firm’s management to encourage them to also add a nomination committee in the near future.
