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How activist shareholders make their demands heard in stuffy Japanese corporate boardrooms
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Shareholders at Toyota Motor's annual general meeting at the company headquarters in Toyota, Japan, on June 14.
PHOTO: REUTERS
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TOKYO - Fresh air is being blown into stuffy, stultifying Japanese corporate boardrooms amid a wave of shareholder activism.
Investor power is forcing change that has otherwise been slow to come in a country where companies are traditionally wary of rocking the boat – even if it moves them more in line with global norms in areas such as corporate governance and transparency, boardroom diversity or sustainability goals.
