The board of taxi firm Uber votes unanimously for governance reforms, increasing the number of independent directors and paving the way for new Japanese investment.
Embattled taxi company Uber has agreed new reforms of corporate governance, clearing the way for investment from Japanese telecoms company SoftBank. A statement from Uber said: "The board voted unanimously to move forward with the proposed investment by SoftBank and with governance changes that would strengthen its independence and ensure equality among all shareholders.” The changes include two new directors for SoftBank, plus for four independent directors, including a new independent chairman. There is also a change to voting rules, with two-thirds of directors' votes required to approve a new chief executive. Some in the media