Beer Brawl Breaks Out Over Kirin’s Move Into Cosmetics, Biotech
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“At Kirin, too, a rapprochement seemed possible as recently as January. Independent Franchise Partners put forth two candidates for Kirin’s board—corporate-governance expert Nicholas Benes and pharmaceutical executive Kanako Kikuchi—and the company agreed to set up interviews conducted by current board members.
Both candidates flunked, says Kirin. Since then, the punches are flying in this beer brawl.
Kirin investor-relations official Daigo Yamazaki said the candidates “did not study” and were ill-prepared when asked to explain the company’s corporate plan.
Mr. Benes said he struck out because he made clear he wouldn’t be a rubber stamp for management.
“This was a very polite yet pro-forma, superficial interview, the clear purposes of which were to confirm whether I would support the existing strategy or not,” said Mr. Benes. He said that if he were elected to the board “of course I will study the current strategy and possible alternatives in depth.” “
