METI’s “Guidelines on Outside Directors and Kansayaku”

Japan’s Ministry of Economy, Trade and Industry (METI) has produced these English translations of documents they createdto accelerate thinking in Japan about how to integrate and better utilize outside directors and kansayaku on boards. Overall, they reflect the shift towards a realization that more uniform and higher-level“best practices” are needed, in line with national policy to formulate a corporate governance code.