3D investment fund picks up two of Fuji Soft's directors

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3D investment fund picks up two of Fuji Soft's directors

Singapore-based hedge fund 3 D Investment Partners got two of its nominees on Sunday, a board seat of software developer Fuji Soft, in the latest proxy fight by activist investors seeking more independent oversight of Japanese firms.

Three battles in recent months have raised questions about how independent management Japan s outside board members are after nearly a decade of governance reform.

Governance experts say that outside directors are only nominally independent if they have close ties to management or fail to give proper oversight.

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