Daily BriefsESG

Daily Brief ESG: Although It Is Commendable that Voting Behavior of Some Domestic Institutional Investors Has Changed and more

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

By Aki Matsumoto

  • 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.

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