The Rise of Shareholder Activism in Japan

The video discusses the impact of the 2014 stewardship code on Japanese corporate governance, highlighting increased investor activism and cultural barriers. It provides examples of recent corporate activism, such as Itochu and Yahoo Japan, and explores the maturity of the Japanese market and governance pressures. The video also addresses issues with dual listings and subsidiary management, emphasizing the government's efforts to improve corporate governance.

What was one of the key outcomes of the stewardship code implemented in Japan in 2014?

• A decline in corporate governance standards

• A reduction in corporate buybacks

• An increase in investor activities

• A decrease in the number of independent directors

How did cultural factors historically affect shareholder activism in Japan?

• They led to an increase in foreign investments

• They created barriers to activism

• They had no impact on corporate governance

• They encouraged more hostile takeovers

Which company was involved in a notable case of corporate activism in Japan, as discussed in the video?

• Panasonic

• Itochu

• Toyota

• Sony

What was a significant action taken by Yahoo Japan in its corporate activism efforts?

• Launching a new product line

• Increasing its stake in a foreign company

• Pushing out the CEO of a company

• Acquiring a new subsidiary

What is one reason for the recent changes in corporate governance in Japan?

• The decline of the Japanese economy

• The maturity of the Japanese market

• The increase in foreign ownership

• The rise of new technology companies

What is one potential outcome of the changes in corporate governance structures in Japan?

• An increase in dual listings

• A decrease in shareholder rights

• A rise in government control over companies

• A fading of complex holding structures

What role has the Japanese government played in influencing corporate governance changes?

• Increasing taxes on corporate profits

• Discouraging foreign investments

• Promoting the reduction of control over subsidiaries

• Encouraging companies to maintain dual listings