The Sankei Shimbun 
Director and Executive Managing Advisor Hisae Hieda of Fuji Media Holdings.
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Fuji Television (Fuji TV) and its parent company, Fuji Media Holdings (FMH), each held a board meeting on March 27. FMH announced a management restructuring, including the resignation of Director and Executive Managing Advisor Hisashi Hieda. These changes will be finalized at FMH's shareholders meeting in June.
Fuji TV will reduce its board from 22 members to 10 to streamline decision-making. The company also aims to increase female board representation to 30% and lower the average age of directors from 67.3 to 59.5 years.
Resignation of Key Executives
The move follows the resignation of Fuji TV President Koichi Minato and Chairman Shuji Kanoh on January 27, after a high-profile controversy involving a female employee and entertainer Masahiro Nakai.
Despite the changes in January, the situation remained tense, leading to a decline in broadcast revenue as advertisers withdrew their commercials.
According to the announcements, FMH President Osamu Kanemitsu will step down and assume the role of chairman without executive authority. Fuji TV President Kenji Shimizu will take over as FMH President.
Improving Governance
Kanemitsu also revealed in a press conference after the board meeting that Hieda plans to resign as a representative of the Fujisankei Communications Group.
FMH will reduce its board size from 17 to 11 members. Both companies will make the majority of their boards external directors to enhance transparency and governance. They also plan to implement a formal executive officer system to separate supervisory functions from operational responsibilities.
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Author: The Sankei Shimbun
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