”Against the tide”

Against the tide - read more

A UK perspective on corporate governance issues.

John McFarlane talks to Governance and Compliance about the misplaced value in bonus culture and why the board must be sceptical

”Poor Earning Power of Japanese Firms” (picture=1000 words)

a01_0432_figure_2s-1

Figure 2: Return on Assets Before and After Corporate Leadership Change

Hyeog Ug Kwon, Faculty Fellow, RIETI:   ”Japanese firms invest in research and development (R&D) on a level comparable to that of their U.S. counterparts. They possess a high-quality workforce and receive decent management practice scores for organizational and human resource (HR) management. Yet, they fall significantly behind U.S. firms when it comes to earning power.

The Challenge of Globalization – Comparing Korean and Japanese Global Human Resource Management (Podcast)

This it to those who were not able to attend the lecture that was recently held last Thursday 18th February 2016 by Martin Hemmert and Hitoshi Yamanishi 

”Japan and South Korea are home to numerous multinational firms, particularly in highly globalized manufacturing industries such as automobiles and electronics. Both countries also have distinct business cultures and management systems which arguably lend strong competitiveness to their leading multinationals. However, the business activities of Japanese and Korean firms are increasingly being transferred to overseas locations, resulting in the need to attract, nurture and retain talent from all over the world. How can firms with strong national roots manage their global human resources competently without giving up their home-grown competitive strengths? How can they effectively integrate managers who neither know the business cultures nor the languages of their firms’ home countries? …….”

Corporate Compliance Insights: ”25 Reasons for Risk Management Failure”

I recently spoke to directors and officers about oversight of risk management by boards of directors. I prepared a list of 25 reasons that risk management failure happens, based on my experience assisting boards, including boards that have failed and boards that cannot afford to fail. Almost all of what follows below is based on real examples. I have never encountered a risk management failure where the board was not at fault, based on what the board said or did, or failed to say or do.

Here are 25 reasons for risk management failure:

FT: “Sharp Warns on Ability to Stay Afloat after $1.9bn Loss”

BDTI’s Representative Director Nicholas Benes is quoted in his article about Sharp in the Financial Times this morning. Excerpts:  

Sharp, a century old stalwart of corporate Japan, has unveiled an annual loss of $1.9bn and warned of “material uncertainty” about its ability to stay in business, less than three years after facing a similar crisis of survival.