From: MICHAEL WOODFORD
Sent: 26 March 2012 23:06
Subject: PUBLIC COMMENT IN RESPECT OF THE TOKYO STOCK EXCHANGE'S REVISIONS TO LISTING RULES REGARDING CORPORATE GOVERNANCE TO RESTORE CONFIDENCE IN THE SECURITIES MARKETS
It has come to my attention that the Tokyo Stock Exchange (“TSE”) is collecting public comments regarding its proposed “Revisions to Listing Rules Regarding Corporate Governance to Restore Confidence in the Securities Markets” (the “Proposed Revisions”). I welcome this opportunity to present my views, and would like to thank the TSE for making efforts to improve corporate governance in Japan, and for providing a public consultative process.
My comments are as follows:
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