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With this new law, multinationals have even more things to worry about with respect to avoiding actions that could be interpreted as corruption.
China has joined a growing number of countries that are implementing new criminal laws to prohibit payment of bribes to foreign officials. In doing so, China is seeking to encourage good behavior among the growing number of Chinese companies doing business overseas.
BDTI will be holding a seminar(panel discussion) onthe most importanttopics regarding amendment of the CompanyLaw,whichhas been underdiscussion by the MOJLegal System Advisory Committee for more than a year. Two members of thekey Committee will be on the panel, as well as one of Japan's most respected practicing lawyers, and a well-known fund manager andCEO/CIOspecializing in Japanese equities investment.
For those who may not know about them, these Youtube videos by th famous Bob Monks really get at some key pointsat the leading edge of (needed) corporate governance reformin his wonderful clear way:
http://www.youtube.com/user/ragmonks
Also, Bob's blog is located at http://www.ragm.com/.
Karl Moore has written this useful piece:
Introduction
The TBLI Conference, viewed by many as the prime global networking and learning event on Environmental, Social and Governance (ESG) and impact Investing, will be held in Tokyo at Chinzan-so this coming September 15 and 16.
In this year when Japan has experienced a disaster that relates directly to all three pillars of ESG, many may be interested to attend this thought-provoking conference, which brings together all types of professions and specialists.
Allianz subsidiary RCM has published its Sustainability White Paper, which analyzed a 5 year period and concluded that applying ESG factors to a portfolio does not negatively impact performance and may enhance it.
RCM described posed the key question as whether ESG is an opportunity or opportunity cost, anddescribed itsconclusions as follows:
BDTI will be holding a seminar(panel discussion) onthe most importanttopics regarding amendment of the CompanyLaw,whichhas been underdebate/discussion by the MOJLegal System Advisory Committee for more than a year. Two members of thekey Committee will be on the panel, as well as one of Japan's most respected practicing lawyers.
The insightful Professor Hideaki Miyajima, Professor at the Faculty of Commerce, Waseda University, has written an article with the above titlein the English Yomiurionline edition, inwhich he summarizesthe results of his recent research. The article is available at:
http://www.yomiuri.co.jp/adv/wol/dy/opinion/gover-eco_110801.htm
Here are some excerpts reflecting some of his most important conclusions:
Deloitte has published its generalrecommendations following the recent round of say on pay votes in the U.S. Its conclusion was that, surprisingly to some, about 70% of shareholders received the equivalent of an A grade, in the sense that they received for votes from greater than 90% of shareholders.
The report: http://bdti.mastertree.jp/f/iazu9vnb
Deloitte also concluded:
Of course it is.
BDTIwould very grateful if all those potential donors who are too embarrassed to give only 4,000 or 5,000 Yen would come out of the woodwork and donate by following the simpleinstructions here.Thanks in advance!