In today’s briefing:
- Voting Rights that Fulfill Fiduciary Duty Are a Key for Tense Corporate Management Practices
Voting Rights that Fulfill Fiduciary Duty Are a Key for Tense Corporate Management Practices
- As discussed in my previous article, when the % of foreign shareholders increases, companies tend not to bring up the continuation of takeover defense measures at shareholder meetings.
- The threshold level, so to speak, of the % of foreign shareholders that determines whether or not to continue takeover defense measures is estimated to be in the 30% range.
- If other domestic institutional investors follow, threshold level will be lowered and lead to a more tense corporate management, which will have a positive effect on the board of directors.
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