Ihave a question I wonder if someone could answer. It seems to me that if Japan is to develop a predictible base of law to govern the ticklish issues that arise on boards in cases such as TOBs and MBOs,that basewill have toevolve via case law.
The Asian Corporate Governance Association has published a summary of the laws and rules in Asian countries regarding requirements for independent directors and their role.This highly useful summary isavailable for registered BDTI users to see and download in the Data Libraryat:
According to a Nikkei Newspaper report as of June 24, 2010, METI has issued a number of proposals to the Legal Affairs Advisory Council, which reports to the Minister of Justice, with regard to amendment of the Company Law. According to the Nikkei, these proposals include: