This project aims to develop discussions on corporate governance in Japan by disseminating information and exchanging opinions on the RIETI website regarding industrial organization and competition policies, from viewpoints including corporate law, M&A law, and financial product transaction law, among policy-makers, researchers, and practitioners both within and outside the Ministry of Economy, Trade and Industry (METI) and RIETI.
What's New
Column 13 - December 22, 2008
Should Nonvoting Shares be Regulated?
KATO Takahito
Associate Professor, Kobe University Graduate School of Law
In recent years as some Japanese companies have moved to issue nonvoting shares, considerable attention has been placed on whether the issuance of nonvoting shares should be regulated, and how that regulation would occur. In this column, I would like to consider this question by focusing primarily on the relationship between the allocation of voting rights among shareholders and the structure of corporate control. Specifically, what impact do nonvoting shares have on the corporate control structure?
Contact
YAOITA Shumpei (Research Assistant, RIETI)
E-mail:yaoita-shunpei@rieti.go.jp
