UPDATE 1-Matsushita Elec plans boardroom reforms

Newswire

(Updates with company announcement) TOKYO, April 23 (Reuters) - Matsushita Electric Industrial Co, maker of Panasonic goods, said on Wednesday it would reform the structure of its board of directors, joining a wave of big Japanese companies aiming to speed up executive decision-making. The world's second-largest consumer electronics maker said it would pare its 27-member board to 20, but retain a heavy presence for executives managing key divisions such as audiovideo electronics. "In ...

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