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Video of Joe Grundfest shedding light on the issuessurrounding diversity on corporate boards, making the point that: The argument and agenda for diversity isbigger and stronger than the argument that is based simply on the statistical data, and that not everything shows up in the stock price.
http://rockcenter.stanford.edu/2010/07/23/joe-grundfest-on-diversity-on-corporate-boards/
Soft Law and the State-Market Relationship at the University of Tokyo, a Global COE Program, publishes the UT Soft Law Review. All full text articles on the recent issue of M&As and the Law is available at its project site:
http://www.gcoe.j.u-tokyo.ac.jp/en/publications/UTsoftlaw3.pdf
Market for Corporate Control in Japan by Kenichi Osugi
Hostile takeovers and Defenses – Implications from Delaware Law UT Soft Law Review, No. 2 is available at the following URL:
http://www.gcoe.j.u-tokyo.ac.jp/en/publications/UTsoftlaw2.pdf
Corporate governance expert Bob Monks has been publishing a series ofessaysreflecting his usual wisdom and thought-provoking analysis,entitled The Appearance of Reality. The piece reproduced below, on globalization and the corporation seems particularly relevant to Japan given the issues it is now facing.
Long-time corporate governance pioneer and famous authorBob Monks' Aha moment came decades ago, in an experience that he describes in this video:
http://www.ragm.com/blog/Corporate-Governance-Aha-Moment
Listening to Bob, onecannot help but wonder whether the recent crisis in Fukushima will be a similar moment for many Japanese citizens.
Recently the Tokyo Stock Exchangereleased itsTSE Listed Companies White Paper on Corporate Governance 2011. Itis available for downloading at the TSE website at this link: http://bit.ly/k0Smkj.
On June 13, in a 5-4 decision, the U.S. Supreme Court narrowed the circumstances under which a defendant can be held liable in a private action under Rule 10b-5 for “making” a false or misleading statement. The decision held that an investment adviser did not “make” statements contained in prospectuses of the adviser’s mutual fund clients, even though the adviser may have assisted the mutual funds in preparing the statements.
Colonial First State Global Asset Management's third Responsible Investment Report 2009, based on its responses to the United Nations Principles for Responsible Investment (PRI) Reporting & Assessment survey submitted in mid-2010:
From ACGA's web site: In mid-April, ACGA submitted our response to the December 17, 2010 Hong Kong Exchanges and Clearing Limited (HKEx) consultation paper on proposed changes to the Code on Corporate Governance Practices and certain Listing Rules related to corporate governance.
ACGA analysed and offered responses on nine issues:
We have uploaded TEPCO's proxy statement to the Japanese Data Library. Please see BDTI's Japanese Discussion Forum entry if you are interested to view and download it.