Fuji Media Holdings (TYO:4676) disclosed reforms in response to human rights and compliance issues at its subsidiary, Fuji Television, according to a Thursday filing on the Tokyo Stock Exchange.
Fuji Television will focus on revitalizing its corporate culture, emphasizing human rights, compliance, and diversity. Key actions include reorganizing departments and prioritizing victim protection and strict compliance enforcement.
The company will also introduce governance reforms, such as establishing a Nomination and Remuneration Committee, ensuring diversity in executive appointments, and enhancing transparency.
A Group Human Rights Committee will oversee ongoing due diligence and create a safer environment for victims.
Shares of the company were down over 4% in late-morning trade Friday.
Price (JPY): $2797.00, Change: $-130, Percent Change: -4.57%
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