TOKYO — Japan's government and the ruling Liberal Democratic Party are considering a proposal to raise the ownership threshold for shareholders seeking to request special meetings in listed companies. Under the plan, shareholders would need to hold at least 5% of voting rights to call such meetings. This measure is intended to reduce the frequency of extraordinary meeting requests driven by activist investors, thereby curbing their influence in corporate governance.

The proposal was reported on July 16, 2026, highlighting the government's efforts to adjust shareholder meeting regulations in response to concerns over activist investor activities.

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