Only 27.87% of shareholders supported Canon's proposal to reappoint Fujio Mitarai, 50, chairman and president and CEO, who has served as top management for more than 59 years. The five director candidates proposed by the company are all men and none are women.

One of the reasons is the scrutiny of shareholders for gender balance, says NHK's Neil Kato. Sumitomo Mitsui DS Asset Management has tightened the standards for diversity required of companies, says Junichi Sakaguchi.