The Corporate Governance Code, with which UK listed companies “comply or explain”, has come a long way in 20 years. It’s a good moment to take stock; and this collection of short essays does exactly that.
Now that Japan has accepted the comply-or-explain principle, the fact that the EU also adopted that principle in 2006, and the manner in which it was done, is quite relevant:
Now that Japan will adoptthe comply-or-explain principle in its Company Law, evermore relevant: Abstract – How can the existing Corporate Governance mechanisms at the European level be improved? ….This paper discusses some of the answers proposed by the civil society following the Green Book on the topic and the public consultation launched by the European Commission on one of the aspect at the heart of Corporate Governance: The Comply or Explain Principle.
Abstract – Hong Kong is a unique cosmopolitan business hub driven by pragmatism with a Chinese flair, in which, for many Chinese enterprises, corporate law and governance were introduced as alien concepts. As in many other countries, Hong Kong is obligated by international markets to embrace these requirements. Yet many business operators lack even the understanding of basic company law, partly because the obligations are incompatible with the values and corporate cultures nurtured in Hong Kong.
By Nolan Haskovec June 2012
Japan Exchange Group, Inc. (JPX) was launched in January 2013 with the future vision of becoming the most preferred exchange in the Asian region. However, Tokyo Market relatively loses its international competitiveness, as Hong Kong/Singapore's development, the rise of Asian countries, and accelerated financial system reform in China.
The market conditions looks sustaining it's strong economic performance thanks to the effect of Abenomics, but as Japanese financial and capital markets, there still remains many issues to be resolved.