(BDTI has recently received this collection of interesting vignettes and musings by a fund manager in Tokyo, written over the past year. BDTI has received permission to publish them from both the recipient and the author.)
ON BEATING UP ONE FALL-GUY
Category: Management
What is the Value of Independent Directors? – of Statutory Auditors?
According to some academics, there is goodstatistical evidence of a correlation between the presence of parent companies and PE funds and superior firm performance, but the evidence is weak that the presence of independent directors improves firm performance.
Question About Good Board Practices for Japanese Companies
I have a question for anyone experienced who has ever sat on a Japanese board. What specific practices, which are not included in those required by law, have you found to be most helpful in dealing with difficult situations or making sure that key issues, risks or possible problems were not missed?