Georgeson’s 2024 Japan AGM Season Review — jointly produced with Japan Shareholder Services (JSS) — analyses and identifies shareholder proxy voting trends at Nikkei 225 companies during the most recent AGM season.
Over the past three years, Japan has risen to become one of the most significant markets in the world for shareholder activism. Our report reveals that the volume of contested resolutions — those receiving 10% or more ‘against’ shareholder votes — rose to 377 (representing 13.1% of all resolutions) in 2024. In addition, more than half (53.3%) of 120 Nikkei 225 companies saw at least one contested resolution during the season.
