In today’s briefing:
- Skymark Airlines Pre-IPO – Highly Leveraged with a History of Bankruptcy
- Should the 2022 Annual Meeting of Shareholders Be Regarded as Constant Progress?
Skymark Airlines Pre-IPO – Highly Leveraged with a History of Bankruptcy
- Skymark Airlines (9204 JP) is looking to raise approximately US$218m in its upcoming Japan IPO.
- Skymark Airlines (SA) is a Japanese low-cost airline, being the third largest domestic airline according to the company. Unlike major airlines and other low-cost carriers, Skymark operates only domestic flights.
- In this note, we talk about the company’s past performance.
Should the 2022 Annual Meeting of Shareholders Be Regarded as Constant Progress?
- Early disclosure of convocation notices and the use of electronic voting platforms, as specified in Corporate Governance Code, and electronic voting, which reduces the companies’ administrative burden, have also progressed.
- Although the provision of English-language convocation notices was included in the Corporate Governance Code, only a few companies still send all documents in English translation.
- More than 10 years after the regulatory-changes, few companies still file their annual securities reports prior to AGMs. Few companies take such a proactive approach by changing their company workflow.
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