Is this Sony's moment of truth?

Daniel Loeb may have struck at the right time, with Japan Inc. reforming governance

Avatar
20190626 Sony first Walkman.jpg

Sony no longer revolutionizes consumer electronics as it did with the Walkman. © Gamma-Rapho/Getty Images

Japan's latest rush of annual general meetings coincides with a few tantalizing firsts.

Olympus this month became the first corporate icon to add an activist U.S. fund to its board. Toshiba is naming the first non-Japanese directors in eight decades. The CEO of Sojitz, the trading company, submitted himself to a first-ever shareholder forum. And Mitsubishi UFJ Trust, the bank, calculates that a record 54 companies faced reform proposals from shareholders, up from 42 in 2018.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.