Metaplanet Directors Defend Executive Pay Plan Amid Shareholder Backlash

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Metaplanet's independent directors have pushed back against shareholder anger over a controversial executive compensation plan. The directors justified the payout by citing management's role in navigating financial risk and leading the company's restructuring efforts. However, their response left key questions unanswered, including details about CEO Simon Gerovich's exercised shares. Shareholders have also sought clarity on the role of MMXX Ventures in the arrangement, but no explanation was provided. The unresolved issues are likely to sustain investor scrutiny over the company's governance practices.

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