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IBIDEN CO., LTD. Evaluates Board Effectiveness and Plans Strategic Improvements

Story Highlights
  • IBIDEN CO., LTD. completed its FY2024 Board effectiveness evaluation, scoring above 4.0.
  • The company plans to reduce cross-shareholdings by 50% by 2028 and strengthen governance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
IBIDEN CO., LTD. Evaluates Board Effectiveness and Plans Strategic Improvements

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IBIDEN CO ( (JP:4062) ) has issued an update.

IBIDEN CO., LTD. has completed its FY2024 analysis and evaluation of the effectiveness of its Board of Directors, revealing an overall effectiveness with scores above 4.0 in major categories. However, the company identified areas for improvement, such as the need for detailed verification of cross-shareholdings and strengthening internal controls. Future actions include reducing cross-shareholdings by 50% by 2028 and enhancing internal audits and governance structures to ensure sustainable growth and efficient management.

More about IBIDEN CO

Average Trading Volume: 2,023,663

Technical Sentiment Signal: Sell

Current Market Cap: Yen570.3B

For a thorough assessment of 4062 stock, go to TipRanks’ Stock Analysis page.

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