stewardship dialogue review
5 Japanese Boards Got the New Principle 3.1 Stewardship Wrong
In 2024, five Japanese boards misapplied Principle 3.1, treating it as a checklist of shareholder contacts rather than a mandated review of shareholder perception. This misreading leaves strategic ESG and governance risks unaddressed, even as regulators demand deeper dialogue. Early evidence shows most companies are still focused on activity