More of Japan’s biggest investors are preparing to reveal how they vote at company shareholder meetings as asset managers come under pressure to drive reform of the Asian nation’s corporate sector.
Shinzo Abe, Japan’s prime minister, has pushed for transformation of the business sector as part of his “Abenomics” programme, calling on investors to improve corporate governance to stimulate growth.
Sumi Trust, Japan’s largest asset manager, and Dai-ichi Life Insurance Company, the third-largest insurer in Japan by revenues, both plan to publish detailed quarterly reports on how they vote on issues such as pay, chief executive tenure and board membership within the next few months.
Read more here: https://www.ft.com/content/478ad316-4782-11e7-8d27-59b4dd6296b8
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