Shareholder Proposals Hit Record in Japan in Quest for Returns
- Tokyo exchange is urging companies to bolster valuations
- Record 90 firms got proposals, Mitsubishi UFJ Trust says
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Corporate Japan is bracing for a record number of shareholder proposals at their annual general meetings later this month as investors demand more returns and better governance.
The jump in proposals comes as Tokyo Stock Exchange urges Japanese firms to take steps to bolster their valuations. Expectations of increased shareholders returns have helped propel a rally in Japanese equity prices this quarter, with the Nikkei 225 Stock Average posting the biggest gains among major markets.