(The following interview appeared as part of GovernanceMetrics International’sFounders’ Forum. GMI is the leading independent provider of global corporate governance and ESG ratings and research. Corporate stakeholders – including leading investors, insurers, auditors, regulators and others – use GovernanceMetrics services to identify and monitor risks related to non-financial measures covering key environmental, social, governance and […]
Author: Admin
Video: Stanford’s Joe Grundfest on Diversity on Corporate Boards
Video of Joe Grundfest shedding light on the issuessurrounding diversity on corporate boards, making the point that: The argument and agenda for diversity isbigger and stronger than the argument that is based simply on the statistical data, and that not everything shows up in the stock price.
http://rockcenter.stanford.edu/2010/07/23/joe-grundfest-on-diversity-on-corporate-boards/
UT Soft Law Review Articles: Market for Corporate Control, Going Private, and Legal Education
Soft Law and the State-Market Relationship at the University of Tokyo, a Global COE Program, publishes the UT Soft Law Review. All full text articles on the recent issue of M&As and the Law is available at its project site:
http://www.gcoe.j.u-tokyo.ac.jp/en/publications/UTsoftlaw3.pdf
Market for Corporate Control in Japan by Kenichi Osugi
Panel Discussion: Hostile Takeovers and Defenses – Implications from Delaware Law
Hostile takeovers and Defenses – Implications from Delaware Law UT Soft Law Review, No. 2 is available at the following URL:
http://www.gcoe.j.u-tokyo.ac.jp/en/publications/UTsoftlaw2.pdf
Bob Monks “The Appearance off Reality: Globalization & the Corporation”
Corporate governance expert Bob Monks has been publishing a series ofessaysreflecting his usual wisdom and thought-provoking analysis,entitled The Appearance of Reality. The piece reproduced below, on globalization and the corporation seems particularly relevant to Japan given the issues it is now facing.
Corporate Governance Pioneer Bob Monks’ “Aha” Moment
Long-time corporate governance pioneer and famous authorBob Monks' Aha moment came decades ago, in an experience that he describes in this video:
http://www.ragm.com/blog/Corporate-Governance-Aha-Moment
Listening to Bob, onecannot help but wonder whether the recent crisis in Fukushima will be a similar moment for many Japanese citizens.
TSE Issues its “White Paper on Corporate Governance 2011”
Recently the Tokyo Stock Exchangereleased itsTSE Listed Companies White Paper on Corporate Governance 2011. Itis available for downloading at the TSE website at this link: http://bit.ly/k0Smkj.
Supreme Court Decides Who Is the ‘Maker’ of a Statement Under Section 10(b)
On June 13, in a 5-4 decision, the U.S. Supreme Court narrowed the circumstances under which a defendant can be held liable in a private action under Rule 10b-5 for “making” a false or misleading statement. The decision held that an investment adviser did not “make” statements contained in prospectuses of the adviser’s mutual fund clients, even though the adviser may have assisted the mutual funds in preparing the statements.
Colonial First State Global Asset Management’s Ｔhird Responsible Investment Report
Colonial First State Global Asset Management's third Responsible Investment Report 2009, based on its responses to the United Nations Principles for Responsible Investment (PRI) Reporting & Assessment survey submitted in mid-2010:
ACGA’s Submission to Hong Kong Exchange
From ACGA's web site: In mid-April, ACGA submitted our response to the December 17, 2010 Hong Kong Exchanges and Clearing Limited (HKEx) consultation paper on proposed changes to the Code on Corporate Governance Practices and certain Listing Rules related to corporate governance.
ACGA analysed and offered responses on nine issues: