In today’s briefing:
- Ultimately, It Is the Power of Voting that Can Reform Management
Ultimately, It Is the Power of Voting that Can Reform Management
- Companies with low CEO approval ratings at AGMs are likely to implement measures that will be effective by the following year’s AGM, which is thought to affect stock price performance.
- A low approval rate tends to mean that foreign shareholding ratio is high. Foreign investors invest in companies with potential to significantly increase corporate value if they can solve problems.
- Many of the companies that currently enjoy superior returns on capital, stock valuations, and corporate governance practices have improved their management through the backdrop of high foreign ownership (voting power).
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