In today’s briefing:
- Raising Requirements for Shareholder Proposals Could Hinder the Shift to Value-Creating Management
Raising Requirements for Shareholder Proposals Could Hinder the Shift to Value-Creating Management
- Because the majority of companies are still unable to change themselves, both the government and the TSE have taken measures to expect engagement from institutional investors, including activist investors.
- Japan has high barriers in areas that aren’t regulated by law. The existence of cross-shareholdings has allowed managers to continue to operate without respect for the interests of minority shareholders.
- It is premature to raise the requirements for shareholder proposals and requests to call special meetings to the level of other countries when many companies are still protected by cross-shareholdings.
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