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Leading Independent Proxy Advisory Firm ISS Recommends Shareholders Elect Both of NHGGP's Candidates to the Toyo Suisan Board

1. ISS recommends shareholders support NHGGP's director nominees for Toyo Suisan's board. 2. This could enhance governance and impact TOYO's strategic direction.

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FAQ

Why Bullish?

The endorsement by ISS often leads to beneficial governance changes, akin to past instances where proxy recommendations bolstered company value post-election.

How important is it?

Proxy advisor recommendations significantly influence shareholder decisions, potentially enhancing TOYO's board structure and operational strategy.

Why Short Term?

Immediate governance changes could lead to improved market perception and short-term price increases, similar to trends observed in other companies post-board elections.

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NEW YORK & TOKYO--(BUSINESS WIRE)--Today, Nihon Global Growth Partners Management Inc. (“NHGGP”) announced that Institutional Shareholder Services, Inc. (“ISS”), a leading independent proxy advisory firm, has recommended that shareholders vote for the election of both qualified outside director candidates nominated by NHGGP, via an affiliated fund, to the Board of Toyo Suisan Kaisha Ltd. (2875.T) (“Toyo Suisan” or the “Company”) at the upcoming Annual General Meeting. The investor group led by.

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