A certified "public interest" nonprofit
”The Council of Experts Concerning the Japanese Version of the Stewardship Code (Chairman: Professor Hiroyuki Kansaku, The University of Tokyo) published the Principles for Institutional Investors (Japan’s Stewardship Code) in February 27, 2014. The Council requested the FSA to publish and periodically update the list of institutional investors who announced their acceptance of the Code.
The Council of Experts Concerning the Follow-up of Japan’s Stewardship Code and Japan’s Corporate Governance Code has published “Publication of “Corporate Boards Seeking Sustainable Corporate Growth and Increased Corporate Value over the Mid – to Long – Term.
”Around the world, the corporate governance landscape is shifting, as efforts to improve business practices and policies gain support and momentum. The wave of reform has become visible everywhere – from tough new regulations in Japan to sovereign wealth funds like Norway’s Norges Bank Investment Management taking a more active approach to their investments – and it is certain to continue to rise.
”The Council of Experts Concerning the Follow-up of Japan’s Stewardship Code and Japan’s Corporate Governance Code has published “Publication of “Corporate Boards Seeking Sustainable Corporate Growth and Increased Corporate Value over the Mid- to Long-Term……..”
These are the minutes of the meeting held on November 24, 2015 . The materials that were distributed at the meeting can be downloaded at the bottom of this entry.
These are the minutes of the meeting held on October 20, 2015. The materials that were distributed at the meeting can be downloaded at the bottom of this entry.
[Ikeo, Chairman] “Although it’s not yet the scheduled time, as all the prospective attendees are here, I’d like to open the second Council of Experts Concerning the Follow-up of Japan’s Stewardship Code and Japan’s Corporate Governance Code. Thank you very much for taking the time from your busy schedule.
These are the minutes of the meeting held on September 24, 2015. The materials that were distributed at the meeting can be downloaded at the bottom of this entry.
This is an English translation of a presentation in Japanese that I have given recently to several influential members of the government.The opinions are my own.
”The main reason why the Japanese economy is sluggish is because Japanese companies do not withdraw from unprofitable operations and/or engage in sufficient industry consolidation, and as a result corporate assets are not reallocated to their best uses.
⇒ To resolve this requires the following:
A. Further enhancing corporate governance, and pension governance
Further strengthen corporate governance, mainly through the ongoing review of the Corporate Governance code (see 1 below)
Improve the governance of pension funds via a number of measures (see 2 below)
B. Eliminating rigidities in the labor market
Create the new employment classification of “Type 2 regular employees” (see 3 below)
(Enhanced Focus List PPT – http://bit.ly/1HmE7nn See pages 7, 12-14)
Memo 9-15 : http://bit.ly/1HmE7nn
ITEM NAME: Corporate Engagement: Enhanced Focus List Strategy
PROGRAM: Global Governance and Global Equity
ITEM TYPE: Total Fund – Information
EXECUTIVE SUMMARY
Nicholas Benes is Representative Director of The Board Director Training Institute of Japan, which trains directors as a government-certified “public interest” nonprofit. Since 2010, he has chaired the Growth Strategy Task Force of the American Chamber of Commerce in Japan.
The Japanese government and the Tokyo Stock Exchange have taken a number of steps aimed at improving corporate governance on the assumption that this will not only improve returns for shareholders, but also improve corporate efficiency and growth prospects.
