Deliberations of Advisory Panel for Japan’s Corporate Governance Code Proceed into the Details

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:

The Board Director Training Institute (BDTI) is a "public interest" nonprofit in Japan dedicated to training about directorship, corporate governance, and related management techniques. It is certified by the Japanese government to conduct these activities as a regulated nonprofit. Read a summary about BDTI here, and see a menu of its services for both corporations and investors here.

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