Following the useful panel discussion yesterday, I looked up and am forwarding along this RIETI paper that discusses the positive impact of increased foreign stock ownership upon productivity growth, especially due to their “strong attitudes toward voting. In section 3 this paper also mentions several earlier studies that showed a positive relationship between foreign investment and corporate value, and a negative relationship between cross-shareholding and firm value.
So, despite vastly under-performing when compared to global peers (see http://www.jtchange.com/JTChange/EconomicCase_Eng.aspx) particularly when it comes to returning profits to shareholders, JT suddenly has money to buy its own shares…. from the Japanese government.
From the web site of the Monetary Authority of Singapore: Singapore, 10 May 2012 … The Corporate Governance Council (Council) has today released its Risk Governance Guidance for Listed Boards (Guidance).
Nomura has released the results of its Individual Investors Survey. The results pertaining to governance matters, intentions regarding exercising voting rights at general shareholders‘ meetings, are set forth at the bottom, but the main gist is that: Of the respondents saying they planned to exercise their voting rights, 25.8% said they intended to vote in […]
Under Japan's Companies Act of 2005, which consolidated corporate law regulations in Japan, a corporate auditor (kansayaku) is a mandatory organ of a joint-stock company with two exceptional situations. Specifically, a small-scale closely-held company is not required to have kansayaku, and a committee company is required to have three committees (the audit committee, the nominating committee and the compensation committee) but not kansayaku.
March 29, 2012- Announcment by The Japan Corporate Auditors Association (JCAA), The Japanese Institute of Certified Public Accountants (JICPA) —->
English readers (and sponsors)may be interested to know about recent seminars provided by BDTI, and those that are in the works. (Note:below, we have listed BDTI’s group programs. BDTI also offers low-costE-Learning, consisting of 4 hours on the Company Law and 5 hours on corporate governance; and “customized” courses for single companies.)
Following its successful first offering, BDTI will hold its next English-language Director Boot Camp on Saturday, June 23rd. Thisintensive programteaches attendeesthe keylegal and corporate governance knowledgethey need to responsibly serve on, report to, or analyze boards of Japanese companies, focusing most on issues that arise in public companies. (However, manysubjects are also relevant to Japanese subsidiaries of public companies, or even private companies.)
To better understand succession planning in an Asian context, Spencer Stuart brought together board directors, CEOs and other senior executives in Singapore for a panel discussion featuring Hsieh Tsun-yan, an independent director of Sony Corporation, Bharti Airtel and Manulife Financial; and Koh Boon Hwee, chairman of Yeo Hiap Seng and a board director of Agilent Technologies.