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Lawyer received 70% of SoftBank shareholder votes at AGM By Reuters

© Reuters. FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo

TOKYO (Reuters) -SoftBank Group Corp shareholders voted 69.77% in favour of electing lawyer Ken Siegel to the conglomerate’s board at this week’s annual shareholder meeting.

The lower approval vote than other appointments, which need a majority in favour, comes after proxy adviser Glass Lewis urged https://www.reuters.com/article/softbank-group-corporate-governance-idCNL3N2NQ095 shareholders to oppose the election due to Siegel’s professional ties to SoftBank.

By contrast shareholders voted 99.85% in favour of the SoftBank’s other new independent director, gaming executive Keiko Erikawa. Founder and CEO Masayoshi Son received 97.92%.

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