Wacom opposes shareholder proposal calling for the removal of its president and others, calling criticism of office ‘privatization’ “misplaced”

Wacom’s board has opposed activist investor AVI’s shareholder proposals to remove the president and COO and appoint new outside directors.

The company said AVI’s criticism of office use, family events, and past acquisitions is based on factual inaccuracies.

The dispute will likely be taken up as shareholder proposals at the June annual general meeting.

The confrontation puts governance, management accountability, and capital allocation under scrutiny.