Hong Kong activist Oasis urges foreign funds to vote proactively in Japan

Founder Seth Fischer notes changes among Japanese institutions, calls for more board diversity

20250613 tokyo skyscrapers

Annual general meetings in Japan are concentrated in June, with about 60% of all listed companies holding them that month. (Photo by Tomoki Mera)

JADA NAGUMO

TOKYO -- Japan is entering another busy season of annual general meetings, with a record number of shareholder proposals, including ones from Hong Kong-based activist investor Oasis Management.

Founder and chief investment officer Seth Fischer, in an online interview with Nikkei Asia on Thursday, said that he has seen changes in how Japanese investors vote against management. "I think domestic investors are far more proactive and understand that Japan has changed. They are more proactive towards their capital, are proactively running against management and are trying to drive higher returns."

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