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	<title>Active Investing in Japan &#187; corporate governance</title>
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		<title>Lions Gate: Board dereliction and insanity</title>
		<link>http://steventowns.com/2010/08/10/lions-gate-board-dereliction-and-insanity/</link>
		<comments>http://steventowns.com/2010/08/10/lions-gate-board-dereliction-and-insanity/#comments</comments>
		<pubDate>Tue, 10 Aug 2010 18:33:24 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Earnings]]></category>
		<category><![CDATA[Governance]]></category>
		<category><![CDATA[Shareholder Value]]></category>
		<category><![CDATA[board of directors]]></category>
		<category><![CDATA[corporate governance]]></category>
		<category><![CDATA[LGF]]></category>
		<category><![CDATA[Lions Gate]]></category>

		<guid isPermaLink="false">http://steventowns.com/?p=543</guid>
		<description><![CDATA[Lions Gate (LGF) reported a surprise Q1 loss of $64.1M or $0.54/share compared to earnings of $36.3M ($0.30/share) last year &#8212; note that adjusted earnings of a net loss of $13.7M ($0.10/share) missed analyst expectations of a profit of $0.04/share. The cash flow picture is not pretty either as the business was kept cash flow [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>How I am voting Internet Initiative Japan&#8217;s proxy</title>
		<link>http://steventowns.com/2010/06/22/how-i-am-voting-internet-initiative-japans-proxy/</link>
		<comments>http://steventowns.com/2010/06/22/how-i-am-voting-internet-initiative-japans-proxy/#comments</comments>
		<pubDate>Tue, 22 Jun 2010 10:27:20 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Governance]]></category>
		<category><![CDATA[Shareholder Value]]></category>
		<category><![CDATA[3774]]></category>
		<category><![CDATA[annual meeting]]></category>
		<category><![CDATA[board of directors]]></category>
		<category><![CDATA[corporate governance]]></category>
		<category><![CDATA[IIJI]]></category>
		<category><![CDATA[Internet Initiative Japan]]></category>
		<category><![CDATA[proxy vote]]></category>
		<category><![CDATA[Valuation]]></category>

		<guid isPermaLink="false">http://steventowns.com/?p=529</guid>
		<description><![CDATA[A longtime shareholding on mine, Internet Initiative Japan (IIJI) (JP: 3774), is having its Annual Shareholder Meeting this Friday in Tokyo. I urge all ADR and Ordinary shareholders to submit their votes as soon as possible, but not later than this Thursday, 10:00 AM Eastern (NY) for ADR holders, or by Thursday, 11:59  PM Japan [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>An update on my shareholder activism with Internet Initiative Japan</title>
		<link>http://steventowns.com/2010/06/13/an-update-on-my-shareholder-activism-with-internet-initiative-japan/</link>
		<comments>http://steventowns.com/2010/06/13/an-update-on-my-shareholder-activism-with-internet-initiative-japan/#comments</comments>
		<pubDate>Sun, 13 Jun 2010 12:25:53 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Governance]]></category>
		<category><![CDATA[Shareholder Value]]></category>
		<category><![CDATA[Valuation]]></category>
		<category><![CDATA[3774]]></category>
		<category><![CDATA[board of directors]]></category>
		<category><![CDATA[corporate governance]]></category>
		<category><![CDATA[Earnings]]></category>
		<category><![CDATA[IIJI]]></category>
		<category><![CDATA[Internet Initiative Japan]]></category>

		<guid isPermaLink="false">http://steventowns.com/?p=519</guid>
		<description><![CDATA[About 3 ½ months have passed since I sent my first letter and shareowner proposals in late-February to the Board of Directors of Internet Initiative Japan (IIJI) (JP: 3774), a leading ISP and related services (cloud computing, systems integration, etc.) in Japan. As a longtime shareholder (since 2006), my concerns included the company’s level of [...]]]></description>
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		<slash:comments>1</slash:comments>
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		<title>The disturbing consistency of GE&#8217;s board</title>
		<link>http://steventowns.com/2010/05/16/the-disturbing-consistency-of-ges-board/</link>
		<comments>http://steventowns.com/2010/05/16/the-disturbing-consistency-of-ges-board/#comments</comments>
		<pubDate>Mon, 17 May 2010 02:59:49 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Governance]]></category>
		<category><![CDATA[Shareholder Value]]></category>
		<category><![CDATA[board of directors]]></category>
		<category><![CDATA[corporate governance]]></category>
		<category><![CDATA[dividends]]></category>
		<category><![CDATA[GE]]></category>
		<category><![CDATA[General Electric]]></category>
		<category><![CDATA[proxy disclosure]]></category>
		<category><![CDATA[proxy vote]]></category>
		<category><![CDATA[stock buybacks]]></category>

		<guid isPermaLink="false">http://steventowns.com/?p=506</guid>
		<description><![CDATA[General Electric (GE) held its annual shareholder meeting on April 28th. It comes as no surprise that the same 16 directors up for reelection remain firmly in place. However, it should raise some eyebrows, since the number of shares voted against certain board members (most notably Messrs. Lafley and Penske) fell sharply compared to last [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Nikkei Weekly Outlook: To 13,000 or Back to 12,000?</title>
		<link>http://steventowns.com/2008/03/30/nikkei-weekly-outlook-to-13000-or-back-to-12000/</link>
		<comments>http://steventowns.com/2008/03/30/nikkei-weekly-outlook-to-13000-or-back-to-12000/#comments</comments>
		<pubDate>Sun, 30 Mar 2008 22:58:44 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Weekly Outlook]]></category>
		<category><![CDATA[Bank of Japan]]></category>
		<category><![CDATA[boj]]></category>
		<category><![CDATA[corporate governance]]></category>
		<category><![CDATA[Earnings]]></category>
		<category><![CDATA[equities]]></category>
		<category><![CDATA[forex]]></category>
		<category><![CDATA[market]]></category>
		<category><![CDATA[Nikkei]]></category>
		<category><![CDATA[Nikkei 225]]></category>
		<category><![CDATA[outlook]]></category>
		<category><![CDATA[stocks]]></category>
		<category><![CDATA[tankan]]></category>
		<category><![CDATA[tokyo]]></category>
		<category><![CDATA[Yen]]></category>

		<guid isPermaLink="false">http://steventowns.com/2008/03/30/nikkei-weekly-outlook-to-13000-or-back-to-12000/</guid>
		<description><![CDATA[What to watch: Monday, 3/31: February Industrial Production; Tuesday, 4/1: Tankan (watch capex spending outlook and yen/dollar predictions &#8212; the FY07 second-half ¥/$ prediction for the December survey was 113.79 compared to 114.23-33 in the Sept. and Mar. surveys and a most recent quote of about ¥99).
Ongoing: Bank of Japan [BoJ] rate cut speculation; the [...]]]></description>
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