The Japan Association of Corporate Directors has released a report outlining guidlines and standards for nominating independent directors. The report is in Japanese and is available (along with a summary) at the following links:
BDTIoffers a low-cost E-Learning course that has two modules, one on key Japanese company law topics, and one on corporate governance theory and practice. This convenient, easy-to-follow course is designed for a broad range of users.*Feel free to download our flyer on the course at the link belowand send it to anyone you think may be interested!
The American Chamber of Commerce in Japan (ACCJ) has released new viewpoints relating to shareholder voting and other rights, and the reporting of investment performance by investment trusts and other funds:
Establish a System that Enables Beneficial Shareholders to Exercise Shareholder Rights
Improve Performance Results
My firm, Davis Polk & Wardwell LLP, has launched a corporate governance blog. This has a particular focus on U.S. corporate governance issues. The link is here:
The ACCJ has released a Viewpoint with recommendations regardingamendment of the Japanese Company Law, focusing on the need for independent directors on boards and proposing concrete ways to introduce legally valid board committees comprised by them to Japanese corporate governance.The full Viewpoint is on BDTI's Data Library, in the ACCJ Folder.Itsmost importantrecommendations are:
One of the oddest elements of the Dodd-Frank financial reforms is a provision requiring disclosure of a company's exposure to conflict minerals. The SEC will be policing this policy. Are there any similar sorts of disclosure requirements in Japan? Do you think that Japan should be using its corporate governance and disclosure rules to try and pursue an agenda relating to international human rights?
The SEC describes its rules as follows:
As Japan considers the creation of audit committee-style companies as part of its amendment of its Company Law, we have uploaded the following useful documents by Deloitte & Touche LLC concerning on current practices in the U.S to the data library (Foreign Folder, United States sub-folder, Deloitte folder).