Japan plans to raise threshold for special shareholder meetings

Government and ruling party proposal would cut influence of activist investors A proposal in the works would require shareholders in Japanese listed companies to have at least 5% of voting rights before requesting a special meeting. (Photo by Yohei Fukai) TOKYO — Japan's government and the ruling Liberal Democratic Party look to require a larger ownership stake for shareholders that wish to request extraordinary meetings, aiming to curb excessive calls by activist investors.

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