Japan Inc faces stormy AGMs in governance shake-up

Japan's normally sleepy shareholder meetings are set for a shake-up this year as a new corporate governance code encourages disgruntled investors to speak out and forces companies to take demands for better returns more seriously. Combined with a separate "stewardship" code, which holds fund managers accountable for how they vote, the new rules mean CEOs of poor market performers like electronics maker Sharp Corp may face unusually strong dissent in the proxy season starting on Tuesday. "The weight of any opposition vote is now heavier," said Nomura Securities analyst Kengo Nishiyama, who specializes in corporate governance issues.

Japan Inc faces stormy AGMs in governance shake-up source: http://finance.yahoo.com/news/japan-inc-faces-stormy-agms-210903009.html