Daily BriefsESG

Daily Brief ESG: Governance of Companies in Which the Founder Owns Majority of the Shares Should Also Be Discussed and more

In today’s briefing:

  • Governance of Companies in Which the Founder Owns Majority of the Shares Should Also Be Discussed

Governance of Companies in Which the Founder Owns Majority of the Shares Should Also Be Discussed

By Aki Matsumoto

  • I hope that the investigation by SESC will lead to the establishment of compliance system for these IR vendors, although IR vendors have been left unchecked by insider trading regulations.
  • Apart from this issue, there is much room for discussion on the issue of governance for a company listed in which the founder owns more than 50% of the shares.
  • This is the same problem that occurs with parent-subsidiary listings. For increasing the listed companies, TSE has permitted the listing of companies in which the founder owns majority of shares.

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