JPMorgan Asset Management (Japan) will request that Japanese companies raise the share of women on their boards to at least 30%, President Shoichi Okoshi has said.
The Japanese affiliate of U.S. financial giant JPMorgan Chase plans to adopt the threshold within several years, as a criterion for deciding whether to vote for companies' proposals for board member appointments at shareholders meetings, Okoshi said in a recent interview.
"Diversity is indispensable for boards to have effectiveness" in corporate governance, Okoshi said.
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