Fuji Media Holdings progresses with Fuji TV reforms

Fuji Media Holdings announced the progress of its reform efforts at Fuji Television Network, following previous incidents concerning human rights and compliance. Key actions include legal pursuit of former executives, disciplinary actions related to past incidents, and reconciliation with a victim of defamation. Organizational changes feature the abolition of the advisor system, the introduction of a retirement age for executives, and a revamped risk management structure. A succession plan is underway, overseen by a newly established Nomination and Compensation Committee. As a result of shareholder meetings, the proportion of female directors increased significantly to 45.5%, with a corresponding decrease in the average age of directors from 71 to 57.