In today’s briefing:
- No Causality Between Shareholder Proposal Withdrawal and Share Price, but Dialogue Is a Good Thing
No Causality Between Shareholder Proposal Withdrawal and Share Price, but Dialogue Is a Good Thing
- I would like to discuss about the Nikkei article, “Shareholder Proposal ‘Withdrawn,’ Share Price Firm; Dialogue Leads to Compromise.”
- Regarding “share prices of companies whose shareholder proposals are withdrawn are firm during sharp sell-off,” there seems little proof of causal relationship between withdrawal of shareholder proposals and stock performance.
- Although Japanese corporate culture has tradition of doing everything without making a fuss, Japanese managers need to have serious discussion with shareholders on the balance between growth and shareholder returns.
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