Improved Corporate Governance in Japan Is Paying Off, Amundi Says [Yahoo! Finance]
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Source: Yahoo! Finance
(Bloomberg) -- Years of calling for better corporate governance in Japan are finally bearing fruit for Amundi SA, Europe's biggest money manager. Most Read from Bloomberg Dubai Grinds to Standstill as Cloud Seeding Worsens Flooding Tesla Asks Investors to Approve Musk's $56 Billion Pay Again Red Lobster Considers Bankruptcy to Deal With Leases and Labor Costs Bankers Hit With Millions in Breakup Fees for Ditching New Jobs China Tells Iran Cooperation Will Last After Attack on Israel The firm has taken stakes in companies whose management had traditionally mostly ignored investors, said Naofumi Harukawa, head of the company's Japan target strategy. Pressure from the Tokyo Stock Exchange has amplified the voices of fund managers calling for listed companies to increase their valuations. One success case for Amundi has been Gunze Ltd., an underwear maker whose shares have risen about 13% over the last 12 months compared with no change in the Topix textiles and apparels i
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