TOKYO — U.S. proxy advisory firm Institutional Shareholder Services has recommended voting for scandal-stricken Fuji Media Holdings’ proposed new slate of directors, while opposing a competing proposal from activist investor Dalton Investments.
Fuji Media announced an overhaul of its leadership team after it came under fire for a botched response to a sex scandal involving Masahiro Nakai, a former member of the pop group SMAP.
