This report released by The Bureau of National Affairs, Inc. is available at: http://www.skadden.com/content/Publications/Publications2397_0.pdf
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Columbia Law School’s Curtis Milhaupt: “The Governance Meltdown”
Professor Curtis Milhaupt of Columbia Law School, an expert on Japanese and comparative law, has produced an insightful and succinct analysis of the TEPCO legal situation that puts it all in globalcontext, entitled The Governance Meltdown.
The presentation is available intheJapanese Law folder of the Data Library, Academic sub-section.
JACD Releases Guidelines for Nominating Independent Directors
The Japan Association of Corporate Directors has released a report outlining guidlines and standards for nominating independent directors. The report is in Japanese and is available (along with a summary) at the following links:
BDTI’s E-Learning Course on Japanese Company Law and Corporate Governance. Pass this Flyer on to Others!
BDTIoffers a low-cost E-Learning course that has two modules, one on key Japanese company law topics, and one on corporate governance theory and practice. This convenient, easy-to-follow course is designed for a broad range of users.*Feel free to download our flyer on the course at the link belowand send it to anyone you think may be interested!
ACCJ Releases Viewpoints on (1) Shareholder Rights and (2) Improvement of Investment Performance Reports
The American Chamber of Commerce in Japan (ACCJ) has released new viewpoints relating to shareholder voting and other rights, and the reporting of investment performance by investment trusts and other funds:
Establish a System that Enables Beneficial Shareholders to Exercise Shareholder Rights
http://bdti.mastertree.jp/f/8cegwh0q
Improve Performance Results
ISS Celebrates Anniversary with Essay Collection
ISS has published a collection of essays entitled 25 for 25: Observations on the Past, Present, and Future of Corporate Governance In Celebration of ISS’ 25th Anniversary. The publication is here:
Davis Polk Governance Blog
My firm, Davis Polk & Wardwell LLP, has launched a corporate governance blog. This has a particular focus on U.S. corporate governance issues. The link is here:
ACCJ Releases Viewpoint on Amendment of the Company Law
The ACCJ has released a Viewpoint with recommendations regardingamendment of the Japanese Company Law, focusing on the need for independent directors on boards and proposing concrete ways to introduce legally valid board committees comprised by them to Japanese corporate governance.The full Viewpoint is on BDTI's Data Library, in the ACCJ Folder.Itsmost importantrecommendations are:
Conflict Minerals
One of the oddest elements of the Dodd-Frank financial reforms is a provision requiring disclosure of a company's exposure to conflict minerals. The SEC will be policing this policy. Are there any similar sorts of disclosure requirements in Japan? Do you think that Japan should be using its corporate governance and disclosure rules to try and pursue an agenda relating to international human rights?
The SEC describes its rules as follows:
Audit Committee Practices: the US Example
As Japan considers the creation of audit committee-style companies as part of its amendment of its Company Law, we have uploaded the following useful documents by Deloitte & Touche LLC concerning on current practices in the U.S to the data library (Foreign Folder, United States sub-folder, Deloitte folder).