Deliberations by the advisory panel for Japan's first corporate governance code are proceeding, with more specific suggestions and proposals coming forth. Last week, a translation of another governance code in Asia (Singapore's) was added to the many other nations' codes that have been distributed as reference. Also, Mr. Toyama submitted a draftcorporate governance code, with many specifics, e.g. requiring (among other things) that the purpose of the code be clearly set forth as increasing company value,the formation of a committee composed solely of independent directors, and director training.
Those who can read Japanese can download the distributed documents, and read the minutes of past meetings, here: