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Japan could soon tighten rules for shareholder proposals

The Japan Times·Kazuaki Nagata·18 days ago
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While Nissan held a shareholder meeting in 2025, protesters distributed leaflets. | Reuters A group of Japanese politicians is calling for changes to the law that would make it more difficult for small shareholders to make proposals and to call extraordinary company meetings. The reforms, which were submitted to Prime Minister Sanae Takaichi on Thursday by Liberal Democratic Party lawmakers seeking to make Japan into a leading financial center, would bring the market more in line with the standards in other countries, where it is normally more difficult for shareholders to directly participate in governance.    The group is calling for a review of the Companies Act and for a change in the 300-unit minimum needed for shareholders to get proposals on the agenda. In the Japanese market, the minimum trading unit is set at 100 shares, meaning the threshold of 300 units is 30,000 shares. In a time of both misinformation and too much information, quality journalism is more crucial than ever.…

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