This being New Year’s Day, I will recommend one book to read in 2024 to learn about not only about the challenges that Japan faces, but how the country is evolving to cope with them (and even thrive) in the global economy. Richard hits the nail on the head in many ways, but to summarize a major theme; if Japan is to fare better during next 15years than its past 25 years would seem to indicate, it will not be because the business models and management thinking of its large firms are simply updated.
Prime Minister Abe’s requests to close schools nationwide, tele-work from home, and cancel sports events and public gatherings, have caused a great deal of strain on working mothers. More than ever before, now is the time when the Government of Japan (the GOJ) should be accelerating its stated policy to allow Japanese households to sponsor Foreign Domestic Workers (FDWs).
Women are being encouraged by the government to enter the labor force, with the expectation that they will become executives and join Boards of Directors. If the government expects to reach its own goal for women to constitute 10 percent all corporate directors during this year (2020), it will need to rapidly increase the range of “options” that women have for childcare and elderly care.
Recently, many major Japanese companies have been bringing non-Japanese executives to Japan to fill key roles in their global operations. Diversifying the ranks of senior executives is an important step forward for Japanese firms. But it also represents a significant change in terms of how communication and decision-making works at the highest levels of the organization.
Non-Japanese executives working in Japan have few chances to meet their peers at other Japanese firms. There are also few chances to have in-depth and meaningful conversations about the unique issues faced by Japanese companies in the process of becoming truly global entities.
Based on its long experience organizing forums for Japanese executives, the well-regarded Business Research Institute is establishing a new forum designed for non-Japanese executives in Japan and their Japanese counterparts to participate in together. This new forum will provide an important opportunity for networking and discussion. It will be held entirely in English, and will provide the opportunity for frank and in-depth exchange of opinions in a confidential setting.
CMi2i, one of Europe’s leading investor relations and corporate governance consultancies, canvassed the opinions of institutions managing over US$5 trillion of assets. This survey found that the majority of asset managers now expect to meet with executive management more frequently on issues such as remuneration, board structures, succession planning and cyber security.
“ The Deloitte Global Center for Corporate Governance (“The Global Center”) is pleased to present the latest edition of its annual global director survey: Director 360°: Growth from all Directions. This survey, now in its third consecutive year of publication, provides a unique perspective on the concerns that boards of directors face around the world.
Japan did not reap the benefits of the information, computer and technology revolution as did the US at the dawn of the new millennium. Why that is so is the focus of ongoing research by Professor Kyoji Fukao, Director of the Institute of Economic Research at Hitotsubashi University. According to Prof. Fukao, productivity growth in […]