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Nov 30, 1998

Public viewing

A Japanese-UK proxy story

The more things change the more they stay the same in the land of the rising sun. Power-switching manufacturer Nemic-Lambda came close to becoming a Japanese enigma when it dared to let a proxy issue emerge earlier this year. Nemic-Lambda made news when its corporate governance saga entered the public arena. Before that, Siebe, the UK-based majority shareholder with a 50.6 percent stake, was quietly working to oust Rikihiro Madarame, chairman of Nemic-Lambda. The UK conglomerate discovered

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