A Liberal Democratic Party panel proposed raising the threshold for shareholders
to requisition an extraordinary general meeting from 3% of voting rights to at
least 5%, and tightening eligibility to submit shareholder proposals to holders
of at least 1% of voting rights (current threshold: 300 votes). The panel also
recommends excluding business-execution matters from items shareholders may seek
to amend in articles of incorporation. It plans to push the measures into law in
the fiscal year beginning April 2027. The proposals follow calls from METI and
business lobby Keidanren for limits on shareholder rights and have drawn
criticism from activist investors.
