Since the launch of AJOT in October 2018 we have argued that the continued existence of parent-child subsidiary structures in Japan would be unlikely to survive the corporate governance revolution. Such arrangements are advantageous to the parent company, but abusive of minority shareholders. The corporate governance code challenges their existence, and we believe their days are numbered.
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’