In today’s briefing:
- Although It Is Commendable that Voting Behavior of Some Domestic Institutional Investors Has Changed
Although It Is Commendable that Voting Behavior of Some Domestic Institutional Investors Has Changed
- It remains to be seen whether domestic institutional investors will support shareholder proposals on shareholder returns, which had low approval rate among domestic institutional investors at the previous year’s AGM.
- If domestic institutional investors are voting in favor of shareholder proposals, it wouldn’t be surprising if more companies passed them. It’s doubtful that passive funds have the same voting practices.
- There is concern about critical tone regarding the legally binding nature of the resolution of AGMs, which appears to come from companies feeling threatened by declining shareholdings by banks/business partners.