The following entry appeared as part of Governance Metrics International’s GMI Blog. GMI is the leading independent provider of global corporate governance and ESG ratings and research. Corporate stakeholders – including leading investors, insurers, auditors, regulators and others – use GovernanceMetrics services to identify and monitor risks related to non-financial measures covering key environmental, social, governance and accounting risk factors.

We have received a kind message below from Ms. Jessica Robinson, Chief Executive Officer of Association for Sustainable & Responsible Investment in Asia.

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The Japan HR Society (JHRS)'s magazine, "The HR Agenda Magazine", published an interview with our Representative Director, Nicholas Benes about BDTI and why globalization means that Japanese companies will have to increase (and standardize) training of directors, and training for managers about governance and compliance matters.

"You cannot achieve the strategic benefits of being a true global company unless you provide regular off-site learning opportunities for your Japanese staff and your foreign staff to mix."

We have uploaded a video of the main portion of the BDTI Symposium: “Practical Methods for Effective Board Management, As Used by Successful Companies” which we held on February 12, 2013. This event featured lead speaker Professor Martin Hilb of the University of St. Gallen in Switzerland,  and (as panelists) Professor and BDTI Representative Director Kenichi Osugi, Professor Bruce Aronson of the Creighton University School of Law, and Nobuyuki Hiraizumi (a director at Kajima Corporation.)

"In the current global economy, many companies have operations and assets in far-flung corners of the world. These geographically dispersed arrangements have a number of implications for the concerned companies. According to a recent decision from the Delaware Court of Chancery, the arrangements may also have important implications of these companies’ outside directors, at least for those companies organized under Delaware law.

192.   Accelerating corporate governance reform

TSE - Data Summary of TSE Listed Companies - White Paper on Corporate Governance -2013

http://bdti.mastertree.jp/f/a7em1vyb

Abstract:  "Career concern can mitigate agency problem between directors and shareholders. In thispaper, we extend source of career concern to non-financial incentive: honors conferredby government. Using data on a large sample of presidents of Japanese firms, weexamine the determinants and effect of honors conferred by government. We find that　presidents’ probability of winning an order is positively related with his accounting　performance.

(Supervised By Hideki Kanda --Written And Edited By Tokyo Stock Exchange, Inc.)  Foreward by Hideki Kanda -  " Tokyo Stock Exchange introduced rules relating to Independent Directors/Auditors (“Independent Director/Auditor System”) in December 2009. This System requires a listed company to secure among its outside directors/auditors one or more person who is unlikely to have conflicts of interest with general shareholders, and to notify Tokyo Stock Exchange of their appointment as Independent Director(s)/Auditor(s).