David F. Larcker and Brian Tayan have written an excellent article on the extreme importance of quality of governance processesand contextual aspects that affect them. Here's the introduction; you can download the entire article at the link below.
New Japan Paper on Kansayaku Boards and Audit Committees -ACGA recently completed a paper titled, “The Roles and Functions of Kansayaku Boards Compared to Audit Committees”. The paper compares the Kansayaku (statutory auditor) Board in Japan with the Audit Committee in other developed markets.
The Asian Corporate Governance Association(ACGA) has published a paper analyzing in detail, and comparing, the legal roles and actual functions (in reality) of kansayaku boards with audit committees. BDTI's Representative Director Nicholas Benes advised ACGA with respect to the kansayaku system, drawing upon both personal experience as well as interviews and advice from dedicated kansayakuand other audit experts.