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John Wocher, Executive Vice President of the famous Kameda Medical Center in Chiba, has shared with us his article that appeared in Japan Hospitals recently. It can be downloaded (press download asset at lower right) on the Data Library:
http://bdti.mastertree.jp/f/n10cb3sa
John's introduction of what he subsequently explains in detail:
(By Norman Marks)
Corporate Governance Matters: A Closer Look at Organizational Choices and Their Consequences is a book by David Larcker and Brian Tayan. I found this excerpt interesting and worthy of discussion. The first issue I have is with their definition of corporate governance. I find it too defensive:
We liked Deloitte's Risk Intelligence Prism before, but this new rendition of it makes it even more easy-to- understand and user-friendly. You can turn and manipulate it in orderto explore risk from various angles:
This is a good technique. It sets a good base for discussion in any company.
Deloitte has published a useful report on how to identifies ways to promote sustainability as part of corporate strategy:
Introduction:
In an opinion issuedon July 22in the challenge brought by the Business Roundtable and U.S. Chamber of Commerce to the SEC’s adoption of proxy access, the U.S. Court of Appeals for the D.C. Circuit vacated the entire proxy access regime as an “arbitrary and capricious” exercise of the SEC’s authority.
BDTI has teamed up with UCLA Anderson Executive Education andprofessional firmsto provide world-class director training programs in Japan. For more details, click here to downloadPress Release, or read the full text below.
For Immediate Release
CFA Institute has published the report, Asia-Pacific REITs: Building Trust through Better REIT Governance. This report provides eight recommendations for existing REIT structures in order to improve current governance practices and standards, with the ultimate goal of improvingunitholder protection.
This report is available at CFA's web site, http://www.cfaj.org/publications/Asia-Pacific%20REITs(E)ccb.v2011.n4.1.pdf
Recently the UK law firm of Allen & Overy released its EU Corporate Governance Report, whichpresents theilluminatingresults of a survey of EU respondents' opinions on various corporate governance topics.
The document is available in BDTI's data library at: http://bdti.mastertree.jp/f/2fdsr6ay.
Here are some excerpts:
Foreward
OnBDTI's Japanese discussion forum, you can download all the responses we have received so farto our survey on who and what are responsible for Fukushima?As you might guess, manyof the responses are pithy and from the heart, and seem to indicate achange in the mood of the populusregarding the need to to improvecorporate governace and risk management.
Hilmar Hierop has asked us to upload his paper on fiduciary fraud, aconcept now getting more traction inEuropean legal circles. Fiduciary fraud concerns fraud in the context of a relationship between a fiduciary and a beneficiary. Essential to fiduciary fraud is the non-compliance with the fiduciary duty of (absolute) loyalty of the fiduciary towards the beneficiaries and with the requirements regarding prudent asset management and the full and timely disclosure of conflicts of interest, which are inherent to the financial sector.
