Exploring Corporate Governance Around the World

By Allison Garrett, Senior Vice President for Academic Affairs at Oklahoma Christian University

Tuesday, May 23, 2006

Poison Pills in Japan

The ISS blog has a posting about Japan's Public Pension Fund Association for Local Government Officials. The Fund has joined with the Pension Fund Association to oppose poison pills that are adopted by the board of directors without shareholder approval. According to the Fund's voting guidelines, adoption of poison pills by the board does not take into account the best interests of shareholders.

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