総会屋
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Meanings
1
sokaiya; corporate extortionist
A person or group that buys shares to attend shareholder meetings and threatens to disrupt them unless paid off. The term is specific to Japanese corporate culture and often associated with organized crime.
Companies sometimes paid money before sokaiya could cause a disturbance at shareholder meetings.
As a countermeasure against sokaiya, many companies concentrated their shareholder meeting dates.
Usage patterns
- 〈人〉に金を払うto pay money to a sokaiya (to avoid trouble at a meeting)
The company paid off the sokaiya to avoid disruption at the meeting.
- 総会屋を排除するto exclude/root out sokaiya
Companies are strengthening measures to root out sokaiya.
- 総会屋対策を講じるto take measures against sokaiya
Many companies have taken measures against sokaiya.