Yoshiteru Yoneyama, nominated as president of Fukoku Mutual Life Insurance Co., said in a recent interview the company will pursue an independent business strategy instead of demutualizing like Dai-ichi Life Insurance Co., which became a publicly traded firm April 1. "A stock company is pressured by shareholders to turn in a good earnings performance in a short period of time, but (such a corporate governance-style) doesn't suit life insurers" that sell policies of long duration and have to devise a management strategy from a longer-term perspective, Yoneyama said.
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