Tokyo — Toshiba shareholders Exiled the chairman of the company Last week it was a symbolic example of a foreign activist investor exerting influence in the Tokyo market. But that wasn’t the only thing.
Activists have recently said that companies find it easier to accept their demands, empowering them by showing what can happen to corporate leaders whose Toshiba example beats foreign investors. I’m expecting.
Chris Billburn, Head of Asia Stewardship at Goldman Sachs Asset Management, said:
According to IR Japan Holdings, which conducts public relations activities for investors, activists have invested in more than half of the 225 Nikkei Stock Average as of December. The equivalent of the S & P 500 is 59%, and Japan is not far behind the United States. “We expect this trend to continue next year and beyond,” said Fuka Tanaka of IR Japan.
According to CLSA strategist Nicholas Smith, there were 44 activist funds active in Japan as of last year, four times more than five years ago.
Toshiba scandal boldes foreign investors pushing for change in Japan
Source link Toshiba scandal boldes foreign investors pushing for change in Japan