Nintendo Shareholders Defy Its Board

Video Game Law Blog

June 30, 2006

For the first time in Nintendo's history, Nintendo's shareholders have voted against a recommendation from its board of directors. The board of directors of Nintendo had suggested a proposal that would have allowed its board of directors to decide the timing and size of dividends without the approval of its shareholders, as well as changes to the company's corporate charter.

Nintendo Co., Ltd., of Kyoto, Japan is a worldwide leader in the creation of interactive entertainment and has sold more than one billion video games worldwide. Nintendo is traded at the Tokyo Stock Exchange under code 7974. 

Tokyo Stock Exchange at

Stock Quote at (Tokyo Stock Exchange)

Coverage at (Gamasutra)