Japan can end its AGM bottleneck by changing the rules

And it must close the time gap between record dates and shareholder meetings

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A person arrives at Toshiba's annual shareholders meeting in Chiba, Japan. © Reuters

Nicholas Benes is chief executive of the Board Director Training Institute of Japan.

Japan's Financial Services Agency (FSA) is considering changing rules to allow shareholder meetings (AGMs) to be held in, say, October instead of all packed into June. It is also looking at ways to unify Japan's duplicative corporate disclosure documents. This is excellent news.

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