Japan Society of California made Comments on the TSE’s February 28, 2012 Revisions to Listing Rules Regarding Corporate Governance to Restore Confidence in the Securities Market
In their comments, they brought up a topic regarding the education of directors.
With regards to Items 4 and 5, what would help most would be to have a sense of how Japanese directors think about their duties to shareholders. For example, the New York Stock Exchange requires listed
companies to disclose their policies regarding director orientation and continuing education, see paragraph 9 of the NYSE Corporate Governance Rules. The Corporate Governance Code in the UK has a similar requirement. Similar disclosures regarding the education of directors from publicly traded Japanese companies would be useful in the context of creating an environment to facilitate ID/A functions, and to create investor trust.
(We have uploaded Japan Society's entirePublic Comment to BDTI 's Data Library at the link below.In order to downloadthe PDF,you will need to register as a user of BDTI's website, -an easy (and free) process.)
http://bdti.or.jp/english/data_library#gallery-b7daa3f110fc77483197919af357decf0c8eb891a9a170257736bccc2448c2f0
The Board Director Training Institute (BDTI) is a "public interest" nonprofit in Japan dedicated to training about directorship, corporate governance, and related management techniques. It is certified by the Japanese government to conduct these activities as a regulated nonprofit. Read a summary about BDTI here, and see a menu of its services for both corporations and investors here.