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Japan eyes curbs on excessive, frivolous shareholder proposals

Justice ministry to weigh burden on management against investors' right to be heard

Kansai Electric Power shareholders meetings have sometimes lasted over four hours.

TOKYO -- Japan's Ministry of Justice will consider steps to prevent shareholders from abusing their right to propose corporate actions or policies, seeking reasonable limits that ease the administrative burden on management.

The curbs, which may include a numerical limit on proposals, are one of several topics put before a ministerial council Thursday for discussions expected to take one to two years. The ministry aims to propose relevant legislation as early as 2019.

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