Japan's SoftBank Group Corp said Tadashi Yanai, founder and CEO of...
), will resign as independent board member at the end of the month after 18 years on the job to focus on his fashion business.
The resignation comes at a time when SoftBank is battling with the fallout from the failed IPO of WeWork, with Son saying he misjudged co-founder Adam Neumann’s character and pledging to strengthen corporate governance at the group’s investments. “If they don’t require higher standards of themselves, it might be hard to require them of investee companies,” he said in an interview last month.
The other independent directors currently on SoftBank’s board are Masami Iijima, chairman of trading house Mitsui & Co’s , and professor Yutaka Matsuo from the University of Tokyo, a highly renowned artificial intelligence expert with little corporate experience.
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