In today’s briefing:
- What Is Needed for More Engagement to Be Effective Is to Reduce Policy Shareholdings
What Is Needed for More Engagement to Be Effective Is to Reduce Policy Shareholdings
- Few companies file their annual securities reports prior to AGM, and since they are filed 1-2 days prior to AGM, there’s insufficient time for a thorough review of useful information.
- Profitable companies that gain the support of overseas investors further increase their return on capital through engagement, and the gap between them and those that don’t will continue to widen.
- Since reducing policy shareholdings will reduce the percentage of voting rights that unconditionally favor company proposals, engagement will be more effective and speed up the process of management improvement.
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