TOKYO -- Japanese sporting goods maker ASICS faces growing tensions with shareholders ahead of its annual general meeting on March 28, with a U.S. proxy advisory firm opposing a proposal to use company shares to create a foundation for supporting participation in sports.
Companies
ASICS puts investor relations to test with sports charity plan
Proxy adviser ISS pushes back, saying foundation could become too powerful
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ASICS has seen its market cap nearly quadruple in two years. © Reuters
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