In today’s briefing:
- Capital Efficiency Is the Topic of the June AGM, While What Is Happening to Passive Fund Voting?
Capital Efficiency Is the Topic of the June AGM, While What Is Happening to Passive Fund Voting?
- Companies that accept reductions in policy shareholdings tend to repurchase their own shares. Pressure to reduce policy shareholdings will increase further this year when share prices are rising.
- In order to verify whether institutional investors’ voting criteria and voting behavior are consistent, the reasons for supporting/opposing individual proposals should be disclosed in more detail.
- Investors are expected to base decisions on performance, as voting advisers returned to policy of recommending voting against top management in companies with lower-than-standard ROEs due to recovery from COVID-19.
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