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Japan has created a council to consider a “new form of capitalism”, stating that it aims to lead in the areas of “sustainability and human capital”. At the same time, the corporate governance code states that “in light of the importance of human resource strategies …companies should present their policies for human resource development and […]
(Text of the Press Release) Investment firm Oasis to sponsor board director training courses through The Board Director Training Institute of Japan for all qualified women who enroll in March. March 8, 2022, TOKYO – In honor of International Women’s Day, Oasis Management Company Ltd. (“Oasis”) and the Board Director Training Institute of Japan (“BDTI”) […]
Seems like a good program. If you sign up, kindly please also tell us at info@bdti.or.jp so we can get credit for the introduction. ICGN Excellence in Corporate Governance Programme 2021 This 4-part course builds an awareness of how institutional investors with globally diversified portfolios analyse corporate governance practices and a company’s approach to […]
Harvard Business Review finds that 2 out of 5 CEOs fail in their first 18 months on the job. That kind of failure rate puts your entire organization at risk. Unfortunately, many organizations under-estimate and under-invest in the comprehensive onboarding of new leaders at the executive level. Studies find that onboarding can be the second […]
May stock market continued directionless trading after an upturn at the beginning of the month. CG Top 20 stocks outperformed against both the Topix and JPX400 indices. Stock prices opened higher at the beginning of the month on the back of lower US interest rates led by lower-than-expected US employment data, but subsequently kept directionless […]
Boards are responsible and held accountable for the decisions they are making. Hence, the quality of the decision-making process and the decisions themselves are fundamental to the work of boards, their organizations, and the investors. When board members are too polite with each other, they don’t have so-called healthy debates. Why do these debates improve the quality of decisions? Because they invite board members to share their professional opinions.
Without such debates, the board has neglected its mandate and responsibility towards the investors and the employees. At a personal level, an open and frank conversation among board members helps to create more buy-in and enhances the commitment of each member to the board decisions, as everyone has been heard.
Here are some reasons why we experience boards that are too polite. For one, the board might consist of ‘insiders’ only. This might lead to faster (superficial) consensus decision-making. However, that leads to biased and selective use of information together with a way of working to ‘not rock the boat’. A second reason is the lack of diversity. In Japan diversity is still closely linked to gender. But we need the diversity of thought, background, experience, education, etc.. Boards that lack this kind of diversity have a narrow perspective on topics as members see things the same way. This results in many blind spots. And thirdly, the required open and frank conversations in Japan are often happening in private settings outside of the boardroom, without the participation of every board member.
As part of developing high performing team, healthy debating and constructive conflict management is a competency that can be coached. Before conducting such conversations, there needs to be a high level of personal trust.
On February 9th, still in the midst of the pandemic, BDTI held its English Director Boot Camp via Zoom. The day-long intensive course was attended by 10 highly-experienced and very interactive participants. The participants heard lectures about corporate governance by Nicholas Benes along with a guest lecture by Andrew Silberman of AMT, and exchanged experiences […]
January stock prices edged lower after surging in the middle of the month. CG Top 20 stocks underperformed against Topix and JPX400 during the 1-month period The stock market opened higher in January on the back of the stocks rally at the end of the previous month. After that, the market surged on the expectation […]
The environment surrounding our business is changing significantly in line with changes in social life due to the spread of the new corona virus infection. The biggest challenge for management is to adapt to these changes in the environment with a post-corona scenario in mind. We believe that one of the keys to adapting to […]
On July 3rd, in the midst of the Corona virus pandemic, BDTI held its English Director Boot Camp via a teleconference arrangement. The day-long intensive course was attended by 12 highly-experienced participants, including one Chief Digital Officer, one Consultant, one Managing Director and senior executives. The participants heard lectures about corporate governance by Nicholas Benes, and Andrew Silberman of AMT, and exchanged experiences and opinions. Despite the IT challenges everything went smoothly, with breaks for everyone to stretch their legs or review materials in more depth.
We are planning to hold the next course on Thursday, September 3, 2020. Sign up early! Please see a description of our director training course here or click the button below for further information.
