The Japaneese government hasnot translated major portions of its Revised Growth Strategy intoEnglish yet, so The Board Director Training Institute of Japan (BDTI)recently translated the partsthat relateto reform of corporate governance. As you will note, among other things Japan has committed to produce:
Month: July 2014
NY Times: “Investors to Directors: ‘Can We Talk?7”
(From the article) What if lawmakers never spoke to their constituents?
Oddly enough, that’s exactly how corporate America operates. Shareholders vote for directors, but the directors rarely, if ever, communicate with them.
“Japan Discloses New Efforts to Combat Foreign Bribery, as OECD Steps Up Pressure on Japan to Increase Enforcement”
by Charles Duross, James Hough — from JD Supra business Advisorhttp://bit.ly/1oBhYSu
While many people don’t know it, a bribery scandal in Japan in 1976 was part of the motivation for the Foreign Corrupt Practices Act (FCPA), which was signed into law on December 19, 1977.
” The Uncertain Relationship Between Board Composition and Firm Performance”
(The original famous paper, byy Sanjai Bhagat and Bernard Black*)
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.