Letter from the Council of Institutional Investors to the FSA Regarding the Corporate Governance Code

The Council of Institutional Investors (CII) has sent this letter to the government of Japan and the FSA regarding the corporate governance code:

(Excerpt ) – CII would like to reiterate its enthusiastic support for the adoption of a comply-or-explain corporate governance code that we understand is now being drafted by Japan’sFinancial Services Agency and the Tokyo Stock Exchange (Code).As, however, weindicated to you in our letter of July 9, 2014 (July Letter), if you are going to achieveyour well-stated targets that the Code be internationally respected and also serve toenhance productivity, we believe it is critical that consideration be given to incorporatingrelevant provisions of CII’s membership approved Corporate Governance Policies intothe Code before it is finalized (CII Policies).

Read the full letter:

July 9th Letter (more detail)

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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