IMA’s fourth report on adherence to the FRC’s Stewardship Code looks at the activities that support institutional investors’ commitment to the Code in the period to 30 September 2013.
Author: Admin
ICGN’s Letter to METI re the “Building Favorable Relationships between Companies and Investors” Project
http://bdti.mastertree.jp/f/r8oy9juw(Excerpts here; download below) – The ICGN welcomes the opportunity to comment on METI’s project entitled “Building Favorable Relationships between Companies and Investors” arising from the Ito Review and we draw upon the experience of our members in providing our response. In addition, ICGN has adopted statements of principles and best practice guidance that bear on a number of the questions raised in the consultation.
LDP Growth Strategy Committee Announces “Revival Vision”, With Historic Proposals Regarding Corporate Governance
The LDP has made public its finalized growth policy “vision.It contains a number of proactive and high-impactpolicies regarding corporate governance, by proposing things such as: a) creation of a comply-or-explain corporate governance code with FSA and TSE involvement (with the ambitious schedule of “in time for next year’s AGM season”); b) a TSE comply/explain requirement of two independent outside directors, c) the concept of accountability re directors’ qualifications and knowledge levels; d) a Company Law de facto requirement for one
CII Letter to Japanese Prime Minister and Key Diet-members in Support of Corporate Governance Reforms
The Council of Institutional Investors (CII) announced that they sent letters to Japanese Prime Minister Abe and key members of theJapanese diet, MPs Yasuhisa Shiozaki and Masahiko Shibayama,in order to express CII's support for corporate governance reforms underway in Japan under the leadership of theLDP.
The letters also said that CII applauds the proposal to draft Japan's first Corporate Governance Code, encouraging the LDP to make it a robust one.
CII'sletter to Japanese Prime Minister Abe
European Commission Seeks Guarantees of Proxy Advisory Firms’ Work
(From David Polk) – A coalition of proxy advisory firms, including ISS and Glass Lewis, is disputing the requirements in the proposed EU revisions to the Shareholder Rights Directive related to their services, which could take effect in all EU member states.
BDTI Progress Update, and 2014 Fund-Raising Drive – Your Chance to Show You Care About Corporate Governance in Japan!
The Board Director Training Instituteof Japan (BDTI) is the only organization in Japan focusing on the vital area of governance and directorship training for all board members. We are a rare “public-interest” organization, which means that BDTI is certified as such by the Japanese government and generally has tax-free status as a result.
Video interview of BDTI’s Representative Director, Nicholas Benes
This interview was filmed at the Asian Business and Management Conference 2013, held in Osaka, Japan.
Please go to the top page to watch the video.
The Ownership of Japanese Corporations in the 20th Century
(Major study on the shift in Japan from true owners exercising a voice, to voiceless cross-shareholdings in the post 1960 perior. ByJulian Franks, London Business School, CEPR and ECGI;Colin Mayer,University of Oxford, CEPR and ECGI; andHideaki Miyajima,Waseda University, WIAS and RIETI.)
THE VAGARIES OF VAGUENESS: AN ESSAY ON “CULTURAL” VS. “INSTITUTIONAL” APPROACHES TO JAPANESE LAW
By Stephen Givens* PROLOGUE This essay grew out a presentation I gave, as one of several foreign legal academics working in Japan, on the theme “Key Words for Understanding Japanese Law.” Of course I recognized from the outset that reducing the essence of a legal system (or any other complex phenomenon) to a single “key word” would entail a loss of nuance. But I thought (and still think) the assigned theme was a fair and valuable one. After all, cartoons and caricatures can be illuminating.
Reuters: “Japan Business Lobby Plans Corporate Governance Rules: Source
Thu, Apr 24 2014 By Noriyuki Hirata TOKYO (Reuters) – Japan's most powerful business lobby, Keidanren, plans to introduce corporate governance rules that will require better disclosure, a person familiar with the matter said, but they will stop short of bolder reforms sought by many investors.