As Japan enters the busiest period of its annual general meeting season, shareho...
TOKYO - As Japan enters the busiest period of its annual general meeting season, shareholders will submit a record number of proposals to companies amid signs activist efforts to instigate change among conservative corporates are bearing fruit.
“Companies are much more willing to listen to shareholders and take action in response to shareholder engagements,” said Seth Fischer, founder and chief investment officer of Hong Kong-based hedge fund Oasis Management. But behind-the-scenes discussions with King Street and other funds resulted in Toshiba announcing last month an overhaul of its own proposal of board members to include more external and even non-Japanese directors for the first time in 80 years.
“We hope to attract more long-term shareholders,” the trading firm said. “For that, we think it’s important to reach out to foreign institutional investors.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's President Xi to attend G20 summit from June 27-29: XinhuaChina's President Xi Jinping will attend the G20 summit in Japan next week,...
Read more »
Explainer: What's behind Japan's support of whaling?Japan has for decades been steadfastly defiant about hunting whales despite wide...
Read more »
Raw, fried or on a bun: the many ways Japan eats whaleWhale cutlets, sliced raw whale, deep-fried whale nuggets, whale bacon and whale...
Read more »
The ways Japan eats whale | Pictures | ReutersA set menu of pickle-grilled whale meat is prepared at the restaurant P-man in Minamiboso, east of Tokyo, Japan. When Yachiyo Ichihara was a child in Wada, one of Japan's oldest whaling villages, she'
Read more »
Torres to sign off after Japan reunion with Iniesta, VillaFernando Torres will hang up his boots for good after taking on Andres Iniesta a...
Read more »
Trump-Xi meeting this week could head off a global recession or worsen outlookAs President Trump and Xi Jinping meet in Japan later this week, the course of the global economy may depend on which Donald Trump shows up.
Read more »