Theseminar Changing Corporate Governance in Japan, which took place in Stanford, CA on June 4, 2015.
Abstract
Theseminar Changing Corporate Governance in Japan, which took place in Stanford, CA on June 4, 2015.
Abstract
Topics covered in the RI Insight/MSCI ESG Research Round Table Report 2015 include:
• The impact of the UK Stewardship Code and other international stewardship codes
• Governance signals of investment risk
• How external fund managers are assessed on stewardship
• Governance practices across Europe and in the US
• Impact of pension fund size on corporate engagement practices
• The asset manager/corporate governance nexus
• Family office and high-net-worth interest
• The growing role of bondholders
• Engagement and co-operation between investors
• Long-term activists
This year’s RI Asia conference, which took place in Tokyo on April 21/22, at the Tokyo Stock Exchange came at a fascinating juncture.
The UK Financial Reporting Council’s report on Developments in Corporate Governance and Stewardship contains many insights useful to Japan as it implements its new Corporate Governance Code and the Stewardship Code. In particular, pages 17-22 on stewardship and engagement, and the quality of stewardship statements, provide food for thought in the sense that progress for the Stewardship Code seems spotty and slow.
By Franz Waldenberger. Excerpt:
5.2 Governance reform as growth strategy
The high number of Japanese companies listed on domestic stock exchanges, the high degree of ownership dispersion and the moderate pay levels of top executives suggest Japan’s system of corporate governance to function well.