Former CEO of Japan's Lixil returns after governance tussle
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TOKYO (Reuters) - The former chief executive of Japanese toilet maker Lixil Group was reinstated on Tuesday after shareholders backed him at an annual general meeting (AGM), likely marking a high-profile victory for corporate governance in Japan.The decision to bring back Kinya Seto caps a months-long saga widely seen as a test case for governance and minority shareholder rights in Japan Inc. His abrupt resignation in October prompted a revolt by minority shareholders.Seto had argued that Lixil..