Activism or ‘shareholder engagement’ is no longer a rarity in Japan. Attitudes towards shareholder involvement have shifted dramatically since the taboo days of 2005, when activists’ arguments were seen as myopic and, without the structure of the Corporate Governance Code, baseless. Companies today are open to shareholder suggestions and, in some cases, we would even go so far as to say, welcome them.
AVI Japan Opportunity Trust p.l.c is referred to as ‘AJOT’ throughout the website. AJOT’s investment managers, Asset Value Investors are referred to as ‘AVI’