Japan overhauls M&A guidelines to protect minority shareholders

Japan overhauls M&A guidelines to protect minority shareholders

Mount Fuji and buildings in the Shinjuku district are reflected on a table at an observation deck in Tokyo, Japan. Photographer: Kiyoshi Ota/Bloomberg

Japan’s trade ministry has overhauled guidelines for mergers and acquisitions to better protect minority shareholders in the case of management buyouts, a reform that comes amid a renewed focus on shareholder rights.