TSE:7157Insurance
Is Greater Board Independence at Lifenet (TSE:7157) Reframing Its Long-Term Governance Story?
LIFENET INSURANCE COMPANY announced that on March 31, 2026, au Financial Holdings and its parent KDDI CORPORATION ceased to be “other associated companies” after auFH’s director nomination right was removed and its executive officer, Hiro Koya, resigned as an outside director.
Following this change, Lifenet’s board will have six directors, including four independent outside directors, meaning independent outside directors will continue to hold a majority and potentially influence governance...