At a joint event hosted by the American Chamber of Commerce in Japan (ACCJ) and the British Chamber of Commerce in Japan (BCCJ) on 23 March 2016, Lady Barbara Judge spoke to members about the development of Corporate Governance Code in the US, UK, and Japan.
”Lady Judge, a former member of the U.S. Securities and Exchange Commission, chair of the U.K.’s Institute of Directors, and now an independent outside director on the board of LIXIL Group Corporation, opened the session with her definition of corporate governance:
“Corporate governance is how directors govern a corporation for the benefit of shareholders, stakeholders, and the community at large in a transparent and ethical manner”.
“Corporate governance entails balancing the interests of the many stakeholders in a company, and involves a large array of parties, often with conflicting interests. Hence, what constitutes ‘good practice’ in this context is very much a matter of perspective.” Lady Judge then proposed that a country’s culture is highly significant in determining the definition of governance……….”
Read full article here: https://www.bccjapan.com/news/2016/03/corporate-governance-code-japan/
Source: The British Chamber of Commerce in Japan