(From CorpGov.net ) - "A major landmark in establishing a fiduciary duty for proxy voting was the Department of Labor’s (DOL) 1988
State Street Trust and Banking Co., Ltd. (Japan) has recently become a "Special Sponsor" of BDTI. We are very grateful for their support.
Information on State Street: http://bit.ly/1zQraLQ
Aberdeen Investment Management K. K. has recently become a "Special Sponsor" of BDTI. We are very thankful for their support.
Information on Aberdeen: http://bdti.or.jp/english/node/937
Japan's Council of Experts Concerning the Corporate Governance Code, headed by the Financial Services Agency (FSA) and Tokyo Stock Exchange (TSE) comprising a joint secretariat, has finalized its draft of Japan's first Corporate Governance Code. During the next six weeks, the draft will be translated into English and put out for public comment. In 2015, it will be reflected in the TSE's new listing standards, which must come into effect by June of 2015 (i.e. before the main AGM season).
The International Corporate Governance (ICGN) has sent this letter to the FSA regarding the corporate governance code:
(Excerpt ) -
The Council of Institutional Investors (CII) has sent this letter to the government of Japan and the FSA regarding the corporate governance code:
Bloomberg) "Takata Corp. (7312) Chairman Shigehisa Takada’s failure to come forward and address an air-bag crisis ensnaring the world’s biggest automakers risks shaking investor confidence in the 81-year-old manufacturer’s prospects.
(Article) "Alarmed by a report a decade ago that one of its airbags had ruptured and spewed metal debris at a driver in Alabama, the Japanese manufacturer Takata secretly conducted tests on 50 airbags it retrieved from scrapyards, according to two former employees involved in the tests, one of whom was a senior member of its testing lab.
Article by Gavin Blair in The Trade News - excerpt from the article -
"The Tokyo Stock Exchange (TSE) sent out a letter recently to all listed companies warning that they would be put on a 'watch-list' if information was not released at the proper time and through the appropriate channels.