Attached is the Corporate Counselor’s July newsletter, which discusses the principal differences between two common corporate forms in Japan — a kabushiki kaisha (the equivalent of an ordinary corporation or “c-corporation” in the United States) and a godo kaisha (the equivalent of a limited liability company/LLC in the United States).
Category: Law
OECD Report – Data on Enforcement of the Anti-Bribery Convention
About the Enforcement Data
SEC Finalizes Rule for Compensation Committee Listing Standards and Compensation Consultant Conflicts
Fromthe report STAY CURRENT, published by Paul Hastings.
SEC Finalizes Rule for Compensation Committee Listing Standards and Compensation Consultant Conflicts
BY MARK POERIO & ELIZABETH A. RAZZANO
Professor Bainbridge on “Say on Pay”
Say on Pay Myths
(From Bainbridge.com) I just read a very important paper, challenging the mythology that has grown up around say on pay.Larcker, David F., McCall, Allan L., Ormazabal, Gaizka and Tayan, Brian, Ten Myths of 'Say on Pay' (June 28, 2012). Available at SSRN: http://ssrn.com/abstract=2094704
New Book, Comparative Corporate Governance; “Who Rules the World, and How?”
In a new book, Columbia Professor Bruce Kogut discusses how network science reveals the small worlds and clubs behind the exercise of corporate governance. The research does not seem to cover Japan, but seems very pertinent for considering the evolution of governance here.
(Interview with Professor Rogut, taken from http://www4.gsb.columbia.edu/ideasatwork/feature/7228753 )
Corporate Law and the Team Production Problem
The following entry appeared as part of Harvard Law SchoolForum on Corporate Governance and Financial Regulation
Interesting Article about Kobe Court Judgment (Charle, Case re MBO Valuations)
The Kobe District court recently handed down a judgment ordering a company to disclose information relating to its MBO (excluding information which the exposure of which could potentially harm whistleblowers).
http://agora-web.jp/archives/1462216.html
Some are calling this a very significant judgment, though we will have to see how it plays out (including any appeals).
GMI Blog – French Government to Impose Pay Cap on CEOs
The following entry appeared as part of GovernanceMetrics 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 […]
金融庁設置法 – 「第二節 金融庁の任務及び所掌事務等」
（任務）
第三条 金融庁は、我が国の金融の機能の安定を確保し、預金者、保険契約者、有価証券の投資者その他これらに準ずる者の保護を図るとともに、金融の円滑を図ることを任務とする。
Book: ” Business Law in Japan – Cases and Comments – Intellectual Property, Civil, Commercial and International Private Law”
Edited by: Moritz Bälz, Marc Dernauer, Christopher Heath, Anja Petersen-Padber.Note:Harald Baum is an Advisorto BDTI – Compilations of cases with commentary – in Japanese Hanrei Hyakusen – often provide the most practical way to obtain a quick and reliable understanding of a specific field of law, as well as guidance on how best to proceed i