In today’s briefing:
- Change in Attitude of Domestic Institutional Investors Is Key to Approval of Shareholder Proposal
Change in Attitude of Domestic Institutional Investors Is Key to Approval of Shareholder Proposal
- Without sufficient sales growth and profitability, including profit margins and ROE, it is understandable that shareholders will demand greater shareholder returns in order to secure a return on their investment.
- Since Zojirushi’s foreign shareholder ratio is 19.9%, it was expected that shareholder proposals including takeover defense measures would likely be rejected at the general shareholders meeting.
- The likelihood of passage by a company that have low foreign ownership ratio is unlikely to increase without significant change in the attitude of domestic institutional investors toward shareholder proposals.
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