{"id":295,"date":"2023-04-25T11:08:05","date_gmt":"2023-04-25T11:08:05","guid":{"rendered":"https:\/\/companyformationjapan.com\/?p=295"},"modified":"2023-04-25T11:08:08","modified_gmt":"2023-04-25T11:08:08","slug":"shareholders-of-japanese-companies","status":"publish","type":"post","link":"https:\/\/companyformationjapan.com\/shareholders-of-japanese-companies\/","title":{"rendered":"Shareholders of Japanese Companies"},"content":{"rendered":"\n<p>The rights and obligations of\u00a0<strong>shareholders in Japan<\/strong>\u00a0are mainly set out in the Corporate Governance Code released by the Council of Experts Concerning the Corporate Governance Code, issued in 2015, as well as the Companies Act. This code has a principle-based approach to realize efficient corporate governance in the specific situations of every\u00a0<a href=\"https:\/\/www.companyformationjapan.com\/types-of-companies-in-japan\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>company<\/strong><\/a>.\u00a0<\/p>\n\n\n\n<p>In this article, our<strong>&nbsp;company formation<\/strong>&nbsp;agents<strong>&nbsp;in Japan<\/strong>&nbsp;explain a few important aspects related to&nbsp;<strong>shareholders of Japanese companies<\/strong>.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/companyformationjapan.com\/shareholders-of-japanese-companies\/#the-rights-of-minority-shareholders-in-japan\" title=\"The rights of minority shareholders in Japan\">The rights of minority shareholders in Japan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/companyformationjapan.com\/shareholders-of-japanese-companies\/#responsibilities-of-shareholders-in-japan\" title=\"Responsibilities of shareholders in Japan\">Responsibilities of shareholders in Japan<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"the-rights-of-minority-shareholders-in-japan\"><\/span><strong>The rights of minority shareholders in Japan<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Cumulative voting for naming directors is possible in Japan, except for the situations in which the articles of association mention otherwise.<\/p>\n\n\n\n<p>According to the Companies Act, minority&nbsp;<strong>shareholders<\/strong>&nbsp;have certain rights against the&nbsp;<a href=\"https:\/\/www.companyformationjapan.com\/company-liquidation-in-japan\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>business<\/strong><\/a>&nbsp;and directors, such as:<\/p>\n\n\n\n<ul>\n<li>\u2022 To request the inspection of the books, records and shareholder registers of the business;<\/li>\n\n\n\n<li>\u2022 To request the convocation of the meeting of the general shareholders and to file an agenda for this meeting;<\/li>\n\n\n\n<li>\u2022 To require that the business starts a lawsuit against the directors;<\/li>\n\n\n\n<li>\u2022 To start a shareholders\u2019 lawsuit;<\/li>\n\n\n\n<li>\u2022 To require the suspension of the directors\u2019 unlawful behavior;<\/li>\n\n\n\n<li>\u2022 Other rights: our&nbsp;<a href=\"https:\/\/www.companyformationjapan.com\/about-us\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>company registration advisors in Japan<\/strong><\/a>&nbsp;can offer more details on what these other rights consist of.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"responsibilities-of-shareholders-in-japan\"><\/span><strong>Responsibilities of shareholders in Japan<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Because the responsibility of the&nbsp;<strong>shareholders<\/strong>&nbsp;in a company is limited to the invested capital amount, the general<strong>&nbsp;shareholders<\/strong>&nbsp;<strong>of a company in Japan<\/strong>&nbsp;do not have any responsibilities in connection with the corporate governance.<\/p>\n\n\n\n<p>As about institutional investors, the Principles for Responsible Institutional Investors, released by the Council of Experts Concerning the Japanese Version of the Stewardship Code set out by the FSA (the Financial Services Agency) provides the principle of being followed for a wide range of institutional investors to accordingly discharge their stewardship responsibilities, in order to promote sustainable development for the companies they invested in. Our&nbsp;<a href=\"https:\/\/www.companyformationjapan.com\/company-incorporation-japan\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Japan company formation<\/strong><\/a>&nbsp;representatives can offer more details on these responsibilities, as well as assistance in<strong>&nbsp;setting up a company in Japan<\/strong>.<\/p>\n\n\n\n<p>If you need to know more about the&nbsp;<strong>corporate governance in Japan<\/strong>, or for help to&nbsp;<strong>open a company<\/strong>&nbsp;in this country, please&nbsp;<a href=\"https:\/\/www.companyformationjapan.com\/contact\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>speak<\/strong><\/a>&nbsp;to our&nbsp;<strong>Japan company formation<\/strong>&nbsp;agents.&nbsp;<\/p>\n\n\n\n<p>We can also answer questions about&nbsp;<strong>immigration to Japan<\/strong>, such as the routes for remaining in the country for medium or long-term purposes (such as for business or employment purposes), the conditions for permanent residency (sufficient income, good conduct, and others) and the possibility of acquiring Japanese citizenship (through naturalization and renouncing the current nationality).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The rights and obligations of\u00a0shareholders in Japan\u00a0are mainly set out in the Corporate Governance Code released by the Council of Experts Concerning the Corporate Governance Code, issued in 2015, as well as the Companies Act. This code has a principle-based approach to realize efficient corporate governance in the specific situations of every\u00a0company.\u00a0 In this article, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":142,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[38,12,133,14,11,134],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Shareholders of Japanese Companies<\/title>\n<meta name=\"description\" content=\"We present a few important points related to the shareholders of Japanese companies. 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