In December, BDTI's Nicholas Benes spoke about the theme of "what is a corporation? - and what is corporate governance?" to a group of students enrolled at Tachibana High School's Commerce Department.
It seems to have been an eye-opening experience for some students. We received much feedback. Here are some examples of comments written by students:
The Center on Japanese Economy and Business, Columbia Business School will hold a seminar event: Japan’s Changing Corporate Governance (co-sponsored by Development Bank of Japan Inc.), on Thursday May 21st, in Tokyo. BDTI's Representative Director, Nicholas Benes, will serve as a panelist.
”The Sony cyber attack should teach companies an entirely different lesson. Target, Sony and myriad other attacks over the last two years highlight that every company is vulnerable to cyber attacks, regardless of their size, industry or the information they hold.
Happy New Year, from all of us at BDTI!
Useful presentation by Paul Hastings on the growing prominence of whistleblowers in US law and the unique issues they present, including:
Review of notable recent cases
Relevant whistleblower provisions by agency
Navigating whistleblower issues and investigations of
"Collective action and asymmetric information problems resulting from
dispersed ownership necessitate the use of agents. These twin problems and related agency problems induce control transactions as a solution. These problems, however, also cause dilemmas relating to the governance of control transactions. An ex post judicial intervention may be employed as a solution for the dilemmas.
For those who do not have them, here are the proxy voting guidlines for 2015 as recently published by Glass-Lewis and ISS:
ISS - Proxy Voting Guidelines for 2015- AP+Japan
Glass-Lewis-2015 Proxy Voting Guidelines-Japan
Japan has no comparable law to ERISA, the comprehensive law regulating corporate pension funds, requiring funding and many other features, and enforced by the Department of Labor. Here's an excellent summary of ERISA in a report made to the U.S. Congress:
Summary of the Employee Retirement Income Security Act (ERISA)