Tokyo Stock Exchange CEO says talks between firms and investors key to governance

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Tokyo Stock Exchange CEO says talks between firms and investors key to governance - Channel News Asia

Quick Summary:

TOKYO :The Tokyo Stock Exchange's role from now on is to facilitate constructive dialogue between companies and investors rather than mandate how businesses are run, its head said on Thursday".

"Reform isn't sustainable unless companies take voluntary action," Yamaji said.

But Yamaji said mandating companies change their management practices could be counterproductive as it can provoke a backlash.