Activist fund calls for more dialogue with shareholders

The rare proposal by Global ESG Strategy would give investors a direct line to boards. — Reuters

TOKYO: A Singapore-based activist fund is asking four Japanese companies through shareholder resolutions to make their board members regularly available for one-on-one meetings with large investors.

The rare proposal by Global ESG Strategy, a fund managed by Swiss-Asia Financial Services (SAFS), would give investors a direct line to boards as the country’s corporate governance reform has caused firms to open up more communication with shareholders.