Editorial

15:59 JST, July 2, 2024

Shareholders have been gaining a greater voice in corporate management. It is hoped that management will deepen dialogue at general shareholder meetings and link this to medium- and long-term corporate growth.

The general shareholder meetings for listed companies have reached their peak. About 670 firms, or about 30% of companies whose fiscal year ends in March, held meetings on June 27, the busiest day for such gatherings. A record number of 91 companies received proposals from shareholders, and the number of individual proposals reached about 340.

Daidoh Ltd., which promotes the Newyorker clothing brand, has posted operating losses for 11 consecutive years through the fiscal year ending March 2024, and a domestic investment fund called for a renewal of its management. Three of the six candidates proposed by the fund for the board of directors were elected at the general shareholder........

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