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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.
(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
There are now 191 signatories to the Stewardship Code. The most recent signatories are highlighted on this list:
http://www.fsa.go.jp/en/refer/councils/stewardship/20150611/02.pdf
September 2, 2014
[To institutional investors that have yet to accept the Code]
160 institutional investors have already announced their acceptance of Japan’sStewardship Code (hereinafter referred to as the “Code”) by the end of August2014.
The Financial Services Agency (FSA) would welcome the decision to accept the
Code by those who have yet to do so. The Code allows its signatories to take intoaccount their specific conditions and situations, as far as it is in line with the “aimand spirit” of the Code.
The acceptance of the Code by asset owners is particularly important becausethey are expected to work as a “driver” for the implementation of the Code.
1.Purpose The Japan Revitalization Strategy as revised in 2015 (Cabinet Decision, June 30, 2015) states that “we need to work actively to prevail and to promote the adoption of Japan’s Stewardship Code, established and released in February 2014 (“JSC”), and Japan’s Corporate Governance Code, which entered into force in June 2015 (“JCGC”), as ‘the two wheels of a cart’ such that the sustainable growth of companies will be promoted by both sides of investors and companies.
Further improvements of corporate governance, e.g., making governance function not only formally, but also effectively, continue to be a major agenda, and we need to link such efforts to the establishment of a virtuous economic cycle.
In this respect, for the purpose of following up with the prevalence and adoption of JSC and JCGC as well as further improving corporate governance of all listed companies, we hereby announce the establishment of the “Council of Experts Concerning the Follow-up of Japan’s Stewardship Code and Japan’s Corporate Governance Code” (the “Council”).
2. Organization (1)The Council will be composed of outside experts; including members from corporate managers, local and foreign investors, and academics (the member list will be released later).