WLRK attorney Erina Teterbaum (エリナ・テテルバウム) says Japanese companies are still insufficiently prepared to counter activists. Activist activity is thriving in the United States, where companies with large market capitalizations are also being targeted.
As activists gain influence in Japan as well, Wachtell, Lipton, Rosen & Katz (WLRK) attorney Erina Teterbaum (エリナ・テテルバウム) said Japanese companies are underprepared. Activism in the United States is described as highly active, with large-cap, well-known companies also among the targets.
The article conveys the view that Japanese companies are vulnerable to being caught off guard by activists, but does not go into detail on specific countermeasures. The criticism that Japanese companies are underprepared itself provides a basis for watching how they respond going forward.
The article also notes that it is available only to members, along with the status of the newspaper image posted and guidance indicating that the rest of the article can be read.