Yoshitaka Kitao – known for his permanent support for Ripple and its XRP digital assets – was named by Dalton Investments as a candidate for the Board of Directors in Fuji Media Holdings, the largest media group in Japan. The proposal, first I mentioned Written by Nikki, she appeared amid the ongoing efforts by an active investor who is based in the United States to address what he considers as deficiencies in governance in the media in Fuji. “The active investor, who has a large share in the media giant, has previously expressed his dissatisfaction with the company's governance,” the Nikki report notes.
XRP Kitao joins Fuji Media
Deep Kitao links can be returned to Ripple for several years through SBI Holdings, the strength of financial services managed by president and president. Under the supervision of Kitao, SBI became a strategic partner of Blockchain, based in San Francisco, where it launched initiatives like SBI Ripple ASIA to lead XRP accreditation across the Japanese banking sector.
Over the past years, Kitao often has defended XRP's ability to “via advanced border transfers”, once Ripple technology is described as “the following criterion for international funds' transfers.
In 2019, he made the official character to his commitment to ripples by accepting a position on its board of directors – a date that confirmed the alignment with the company's ambition to modernize the global payment bars. Although he moved away from this director two years later, his call to XRP endured. One of his recent participation on social media emphasized the importance of RLUSD.
Meanwhile, Fuji Media Holdings found itself in an unstable position after a series of governance disputes. Earlier this year, it organized a comprehensive executive reform process aimed at restoring the confidence of the shareholders and stabilizing its operations. The Chairman of the Board of Directors, Shoji Kanoh, left the company, followed by a resignation from the Chairman of Fuji Kochi Minato TV.
After that, the Board of Directors reduced its membership to 10 managers, a move that was widely interpreted as an attempt to tighten control and accountability. Hesashi Haida, the 87 -year -old director, in March, addressed a comprehensive feeling in one of the most media giants in Japan.
Fuji Media Empire, which is famous for the leading Fuji TV network, has a leader in the entertainment sector in Japan through the production of dramas, diversity shows, anime, and a group of digital media shows. Its content has a almost primary grade among the Japanese masses.
Unlike Fujifilm, the camera company and the photography company that shares a similar name but runs completely different works, Fuji Media has given a unique place in broadcasting and broadcasting platforms, which contributes greatly to the Japanese cultural narration.
On this background, Dalton Investments' Push to See Kitao joined the Board of Directors questions about whether Fintech Finetech of the veteran and XRP may go to Fuji media towards new forms of innovation – or at least providing them with a scale for stability while media companies are exposed to increasing pressure to diversify revenue flows.
At the time of the press, XRP was traded at $ 2.15.
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