The trend of spacing out shareholders meetings to make them easier to attend is a sign of heightened awareness of governance issues since the corporate governance code took effect last June. Companies are also appointing more outside directors and unwinding cross-shareholdings. At the more than 60 major companies that have disclosed voting results so far, 94.1% of shareholders approved appointments of top executives. Though many won higher support thanks to improving profits, such as Sony President Kazuo Hirai, the overall figure was little changed from the previous year’s 94.3%. The rises were outweighed by significant declines in support for some corporate chiefs. Shareholders are demanding better corporate governance, bringing up such issues as low return on equity, an indicator showing how effectively shareholder money is being spent.