Daily BriefsESG

Daily Brief ESG: AGM Is the Highest Body for a Company and more

In today’s briefing:

  • AGM Is the Highest Body for a Company, but Have Japanese Companies Got Too Used to It Not Being So?

AGM Is the Highest Body for a Company, but Have Japanese Companies Got Too Used to It Not Being So?

By Aki Matsumoto

  • The fact at least 80% of votes are approved in company agenda shows how large the presence of ruling shareholders is and how little interest there is from ordinary shareholders.
  • The ruling shareholder structure with cross-shareholdings has made this watered-down for Japanese companies. Companies should strive to increase shareholder interest. To this end, information disclosure efforts must be promoted.
  • Companies are encouraged to make efforts to disclose sufficient information to shareholders, not after AGM, but before it, which is the highest body of the company in the first place.

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