Subject category:
Finance, Accounting and Control
Published by:
IIMA Case Centre, Indian Institute of Management Ahmedabad
Share a link:
https://casecent.re/p/159989
Write a review
|
No reviews for this item
This product has not been used yet
Abstract
In 2015, Toyota proposed to issue a separate class of shares to attract long term individual Japanese shareholders aligned with the company's long-term R&D programmes. The distinguishing feature of these shares was the exit option with no loss of capital. The proposal was not received well by US based institutional shareholders of the company and proxy. A major proxy adviser recommended voting against the proposal. The case provides an opportunity to discuss security design issues and their implications for corporate governance.
Time period
The events covered by this case took place in 2015.Geographical setting
Region:
Asia
Country:
Japan
Featured company
Toyota Motors
Subject category:
Finance, Accounting and Control
Published by:
IIMA Case Centre, Indian Institute of Management Ahmedabad
Length: 8 pages
Data source: Published sources
About
Abstract
In 2015, Toyota proposed to issue a separate class of shares to attract long term individual Japanese shareholders aligned with the company's long-term R&D programmes. The distinguishing feature of these shares was the exit option with no loss of capital. The proposal was not received well by US based institutional shareholders of the company and proxy. A major proxy adviser recommended voting against the proposal. The case provides an opportunity to discuss security design issues and their implications for corporate governance.
Settings
Time period
The events covered by this case took place in 2015.Geographical setting
Region:
Asia
Country:
Japan
Featured company
Toyota Motors
Related
Subject category:
Finance, Accounting and Control
Published by:
IIMA Case Centre, Indian Institute of Management Ahmedabad
Length: 8 pages
Data source: Published sources