For Japan Inc, discretion is the better part of activist valour
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TOKYO (Reuters) - As Japan enters the busiest period of its annual general meeting season, shareholders will submit a record number of proposals to companies amid signs activist efforts to instigate change among conservative corporates are bearing fruit.But while overt and direct activism has stepped up, it's the less combative behind-the-scenes lobbying, much of which takes place before the public meetings are held, that is having some of the greatest impact on governance changes.The most..