In today’s briefing:
- Stricter Voting Criteria for Domestic Asset Managers May Aim to Enhance Value Through Engagement
Stricter Voting Criteria for Domestic Asset Managers May Aim to Enhance Value Through Engagement
- Stricter voting standards for domestic investment managers seem aimed at increasing value through engagement for companies that show little improvement in efforts to improve stock price and return on capital.
- Stricter voting standards for policy shareholding ratios of domestic investment management companies are expected to push companies to consider reducing cross-shareholdings. Reference to deemed shareholdings is also commendable.
- Since engagement of overseas investors has been effective in increasing value of companies, engagement by Japanese investment managers more seriously than before will contribute to enhancing the value of companies.