TSE Seminar to “Clarify” Role of Independent Directors

The Nikkei reported that the TSE will soon invite independent directors to a seminar. …TSE is taking this unusual step because it believes that some firms still lack a full understanding of how independent directors and auditors should exercisse their oversight of management on shareholders' behalf.

The seminar will be open to about 1,500 people, and will feature speeches by officials who were involved in the introduction of the TSE requirement.