The taboo against investors’ lodging protest votes in Japan’s consensus-based corporate culture is weakening
Shareholders are growing more vocal in Japan, lodging protest votes against chief executives, presidents and other company directors.
Embarrassing bosses like that was once rare in the consensus-based corporate culture. But the taboo is weakening, as part of a yearslong push to improve Japanese companies’ profitability and corporate governance, and to encourage more involvement from investors.
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