Japan Airlines rejects shareholder proposal on revolving door, disclosure

Japan Airlines (TSE:9201) has announced its Board of Directors' decision to oppose a shareholder proposal submitted by LIM Japan Event Master Fund, scheduled for the 76th Ordinary General Meeting of Shareholders on June 24, 2025. The proposal sought to amend the company's Articles of Incorporation with two key provisions: a ban on the "revolving door" practice, restricting the appointment of executives from parent companies to listed subsidiaries or affiliates, and a requirement for disclosing joint ownership agreements with other shareholders.