J-Power Rejects TCI's Proposals.

The article reports that proposals from activist money manager Children's Investment Fund Management (UK) LLP known as TCI have been rejected by Japan's Electric Power Development Co. (J-Power). The British fund, which is the largest shareholder in J-Power, called on the Japanese electric wholesaler to boost return on equity, sell cross-shareholdings, improve corporate governance, and name 2 TCI employees to its board. The fund said that the proposal would boost shareholder value.