Enhancing shareholder accountability: Lessons from Japan’s corporate governance reforms
Peer-Reviewed Publication
Updates every hour. Last Updated: 30-Jul-2025 23:11 ET (31-Jul-2025 03:11 GMT/UTC)
Japan’s 2017 Stewardship Code amendment encourages institutional investors to voluntarily disclose their voting records to improve corporate governance. Researchers from Waseda and Keio Universities analyzed 7,887 voting proposals from Japan’s top 500 firms to see how this rule affected shareholder behavior. They found a significant increase in shareholder dissent in director elections among domestic institutional investors following the regulatory reform. The findings highlight that even voluntary regulations can drive meaningful changes in shareholder engagement.
New research published in Health Economics indicates that a national prohibition of menthol cigarettes in the United States could increase the number of people who attempt to quit smoking but also support an illegal menthol cigarette market.
Urban versus rural. Penn State versus Michigan. Star Wars versus Star Trek. As social beings, humans gravitate toward groups. But sometimes group living can spur an “us versus them” mentality that causes conflict, especially when two groups are competing for the same limited resources, like money or a championship trophy. Anne Pisor, assistant professor of anthropology at Penn State and Social Science Research Institute co-funded faculty member, discusses her recently published paper on the “us versus them” mindset as well as the causes and how to overcome it.
Confidence. Persistence. Ingenuity. Conventional wisdom tells us these are some of the traits needed for success at the office. But within teams, less laudable characteristics – maintaining the status quo, for instance – might be just as desirable, according to new Rutgers research.
Cong Liu, an expert on organizational thinking at the Rutgers Graduate School of Applied and Professional Psychology, reports in the Journal of Occupational Health Psychology that teams with high rates of envy often ostracize their best performers, in turn leading those standout employees to sabotage productivity.
The expected out-of-pocket costs for commonly used drugs like Eliquis and Ozempic have surged for Medicare beneficiaries in stand-alone drug plans in recent years.