(Bloomberg) — SoftBank Group Corp. director Yuko Kawamoto plans to resign from the corporate’s board in June, eradicating an outspoken board member who has clashed with controversial founder Masayoshi Son over governance points.Kawamoto, a professor at Waseda College, will step down on June 23 after only one yr within the function, SoftBank stated in an announcement on Friday. She was the primary girl to ever serve on the board and its solely feminine member, though one other one has been nominated.In an uncommon transfer, Kawamoto penned an extended message about her time at SoftBank, posted on the corporate’s web site. Whereas she praised Son for his choice making, pace and willingness to alter his thoughts, she additionally stated the corporate wants extra inner checks, higher governance and extra individuals who can stand as much as Son.“SBG must formulate a type of governance that permits Masa to completely show his abilities, which might then be built-in into shareholders’ worth,” she wrote. “This doesn’t indicate restrictions or constraints however moderately an oversight operate that permits the group to achieve its full potential.”SoftBank’s largest problem is developing with a succession plan for its founder, Kawamoto stated. She stated she is stepping down after one yr due to her appointment as a commissioner of the Nationwide Personnel Authority.Additionally departing from the board in June are Son’s long-term lieutenant Ronald Fisher and Arm Ltd.’s Simon Segars. Z Holdings Corp.’s co-Chief Government Officer Kentaro Kawabe, Koei Tecmo Holdings Co.’s Chairman Keiko Erikawa and Kenneth Siegel of Morrison & Foerster will take their seats after shareholders approve the appointments at a common assembly.SoftBank’s board has misplaced a number of of its most unbiased voices lately, the type of administrators who may push again on Son’s choices. Shigenobu Nagamori, the outspoken founding father of motor maker Nidec Corp., stepped down in 2017. Quick Retailing Co. CEO Tadashi Yanai, who had been on the board since 2001 and was a uncommon voice of dissent, left on the finish of 2019. Alibaba Group Holding Ltd. co-founder Jack Ma left final June, after 13 years on the job.SoftBank has been buffeted by a sequence of missteps over the previous yr, together with a botched funding in WeWork and a dangerous foray into derivatives buying and selling. Kawamoto flagged that SoftBank typically races so rapidly to execute Son’s concepts that the infrastructure isn’t at all times in place to deal with them.“Generally, due to this fact, guidelines come after the selections are made, and a few would possibly say the corporate has some weak spot in that regard,” she wrote.One space the place Kawamoto had a very sharp disagreement with Son was over his private stake in a subsidiary overseeing SoftBank’s controversial choices buying and selling program, based on individuals acquainted with the matter, who requested to not be named as a result of the main points are personal. Her opposition got here as a shock to Son and the clashes typically left him fuming, one of many individuals stated.Son’s 33% private stake within the entity referred to as SB Northstar has additionally drawn hearth from traders who pointed to the construction as a company governance concern. On a name with traders and analysts after the earnings announcement in November, Son denied there was a battle of curiosity and described it as remuneration for his funding experience. Different fund managers cost charges, he stated. Son added that SoftBank’s board cleared the construction in a vote from which he recused himself.Son’s Private Stake in SoftBank Buying and selling Unit Attracts Fireplace“The truth that SoftBank printed that is fairly telling,” stated Justin Tang, head of Asian analysis at United First Companions in Singapore, referring to Kawamoto’s letter. “It’s not precisely a dictatorship working there.”Nonetheless, Kawamoto complimented Son and stated the corporate is enhancing.“Partly as a result of I remained vocal at Board conferences over this previous yr, I consider an environment has been fostered the place discussions could be held extra frankly,” Kawamoto stated. “Masa is a particularly thrilling particular person who typically lights up the spirit of these round him. The truth is, it’s his inspiration that gave me the braveness to tackle a brand new problem and settle for a troublesome function in service of the nation.”(Updates with particulars of Kawamoto’s battle with Son in tenth paragraph)Extra tales like this can be found on bloomberg.comSubscribe now to remain forward with essentially the most trusted enterprise information supply.©2021 Bloomberg L.P.