Mizuho FinancialGroup'sproxy materials this year contain the same shareholder proposal as last year, askingfor achange the Articles to require the company todisclose itscompany policy and actions regarding board training. Last year this proposal was approved by 29% of voting shareholders,which seems to have been the4th or 5thhighest support ratio among all shareholder proposals in Japan that year. Management opposes the proposal.
Category: Investment
METI Study Groups on Corporate Accounting, Disclosure/CSR Policy, and Corporate Governance
METI has establshed study groups on (1) Corporate Accounting, (2)Disclosure and CSR Policy and (3) Corporate Governance mainly during the last year. Many useful points of of view were exchanged, and most of the materials – and summaries of the meeting dialogues – were made public, and are available from the link below.
Article: The Decline of Accounting and the Rise of Forensic Finance
The following entry appeared as part of Governance Metrics International’s GMI Blog. 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 accounting risk factors.
ProNed’s White Paper: Replete Analysis of “Non-Executive Officers in TSE Listed Companies”
ProNed hasproducedtheEnglish version of our 2012its corporate board white paper analyzing trends in the usage, backgrounds, voting support, and many other factors related to outside board members in Japan. The English version has more extensive annotation than the Japanese original and is designed to help a non-Japanese audience understand the relevant context of the data and analysis. As in previous years, the areas covered are Japan corporate board trends and shareholder voting activity.
Opinion on the Standard Setting to Address Risks of Fraud in an Audit (Business Accounting Council, Japan)
1. Background
Under current Auditing Standards, an auditor is required to perform an audit
DDI’s “Global Leadership Forecast” Shows Japanese Companies’ Self-Evaluation is Low
Only 38 percent of leaders and 26 percent of HR professionals in the global sample reported that the quality of leadership in theirorganization was very good or excellent (see Figure 3). Considerably fewer leaders and HR professionals in Japan (less than 5 percent in both groups) reported that the quality of leadership in their organization was high or very high.
“The Future of Fraud Detection” (and the incidence and costs of fraud)
The following entry appeared as part of Governance Metrics International’s GMI Blog. 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 accounting risk factors.
GMI Metrics – Combined CEO Chair, Asset Turnover, Workplace Safety, Environmental Impact, Environ. Oversight, Eco-Efficienc
The following entry/metrics appeared as part of Governance Metrics International’s GMI Blog. 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 accounting risk factors.
Institute of Japanese CPAs- Corporate Disclosure in Japan
(A bit old but useful) – This booklet is the sixth edition of Corporate Disclosure in Japan – Overview published by the International Relations Committee of the JICPA in order to provide both historical and current
information, including the above-mentioned content regarding the outline of the corporate disclosure system in Japan. I am certain that this booklet will help you to better understand an overview of the current status of corporate disclosure in Japan.