Here's a good video interview by Lucy Marcus on the board's crucial role in constantly innovating and adjusting the business model:
http://www.youtube.com/watch?v=KulPMCSsBaU&list=PL9E6CECAAF316683E
Category: Management
The Size and Composition of Corporate Boards in Japan (paper)
Abstract.We analyse the structure of corporate boards in Japan to determine whether they are matched to each firm’s specific needs. Consistent with US findings, our results show that board size is positivelyrelated to firm size
and firm complexity, and negatively related to monitoring costs. However, board independence appears to be unrelated to most firm characteristics. This suggests that Japanese boards are not optimally structured to carry
Spotlight on companies’ explanations of efforts to raise corporate value at shareholders’ meetings in 2013
Mr. Kengo Nishiyama, Senior Strategiest of Nomura Securities analyzes thetrend of the corporate AGMs this year and sees progress in appointment of external directors in his recent report titled 'Preview of June 2013
shareholders' meetings'
Click the following address for download.
http://bit.ly/11wU4Mc
GMI Blog – Study Confirms the Buffet Rule on Boards: Collegiality Trumps Independence
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.
TSE – Data Summary of TSE Listed Companies – White Paper on Corporate Governance
TSE – Data Summary of TSE Listed Companies – White Paper on Corporate Governance -2013
Kubo-Saito - ”Japanese Honors System and Ｉncentives for Presidents”
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.
TSE – Handbook on Practical Issues for Independent Directors and Statutory Auditors (English Translation)
(Supervised By Hideki Kanda –Written And Edited By Tokyo Stock Exchange, Inc.) Foreward by HidekiKanda- 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).
GMI Memo: Female Directors in the FTSE MIB
The following entry/metrics 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.
Bebenroth Donghao – Performance Impact in Japan- Corporate Governance at the Board Level
Research suggesting Japanese companies can benefit from a high ratio of outside directors and outside auditors.
Susan Schultz- When is Time for a Director to Step Down
Introduction – Too often boards of directors are overloaded with directors who are disruptive, passive, no longer current, or just taking up seats that could be used by more qualified individuals. Unfortunately, a top boardroom challenge is to devise ways to have more frequent director rotations.