Electronic Voting Platform, etc.
Toward Increasing Participation by Issuers
The number of issuers participating in the platform has been increasing year by year since the Corporate Governance Code was formulated in 2015 and the METI Study Group on Promoting the Electronicization of General Meeting Processes in 2016 recommended promoting the use of the platform. The 2021 revision of the Corporate Governance Code called for further promotion of use by Prime Market-listed companies, and since the market restructuring, the participation rate of Prime Market-listed companies has remained at over 95%.
As an increasing number of issuers join the platform, the number of institutional investors who hold voting rights in those issuers is also significantly increasing as they recognize the significance of using the platform. The increase in institutional investors using the platform also leads to improved convenience for issuers to participate, as the platform serves as infrastructure for ensuring an engagement period. In order to promote efforts to enhance constructive dialogue with shareholders at general shareholders' meetings, there is a need for further spread of platform use not only among companies listed on the Prime Market, but also among companies listed on the Standard Market and Growth Market.
ICJ, Inc. urge any issuers that have not yet used the platform to consider participating.