Andrew Silberman of AMT Group demonstrating how to have greater impact in board meetings:
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Japan’s state pension fund blocked from direct stocks investments – FT.com
Japan’s Government Pension Investment Fund has been blocked from investing directly in equities amid corporate fears that the $1.1tn state monolith could wield too great an influence over the private sector. The decision, reached on Wednesday by an “Critics of the world’s biggest sovereign pension fund say that, despite clear pressure from the government of […]
Glass Lewis Issues Proxy Voting “Policy Guidelines” for Japan,…in Japanese
Glass Lewis has issued is policy guidelines for 2016 for the Japanese market, in both English and Japanese. It is a statement of the times that Glass Lewis made a Japanese translation this year, as they have not done that in previous years.
3/3 BDTI Seminar: “Global Trends in Antitrust Enforcement: What the Future Holds”
Japan’s Antimonopoly Act (the AMA) was recently amended so as to adopt a wider and deeper scope for the surcharge system, a leniency program, and the authority to investigate criminal cases as measures to strengthen enforcement.
At the same time, the TPP (which has been largely agreed upon) includes a provision which introduces a so-called “commitment” program in which corporations voluntarily address problems following agreements with the “national competition authority”. (This is the terminology used in the TPP.) Discussion about how to implement this feature of the TPP is now underway in Japan’s Fair Trade Commission (the JFTC). Moreover, the JFTC has shown showed interest in commencing discussions this year concerning a discretionary surcharge system. As if that was not enough, it seems that the AMA will soon be substantially amended again. Japan’s “national competition authority” is changing its views, and discussions within it are being influenced by enforcement practices in foreign countries.
”Proposals for Raising Productivity in Japan” (by Nicholas Benes)
Proposals for Raising Productivity
This is an English translation of a presentation in Japanese that I have given recently to several influential members of the government.
The opinions are my own.
PB Analytics – Japanese Boards, Composition at FYE
Excerpt: As of the last full year end for the 3,678 companies in the PacificData database, there were 4,267 Independent Directors or 10.6% of the total number of Directors. The total number of female Directors was just 966 or 2.4% of the total – well below even the 9.5% ratio of female members of Japan’s House of Representatives.
Deloitte Survey Results: Governance Code Compliance – Better than Expected, But Still Far to Go
Below, one can download in Japanese Deloitte's summary of compliance with the Japan's Corporate Governance Code (CG Code) as of the end of December, 2015, which for most companies was the deadline to submit their Corporate Governance Reports (CG Reports) to the TSE.
Governance Code Compliance – Better than Expected, But Still Far to Go
Below, one can download in Japanese Deloitte's summary of compliance with the Japan's Corporate Governance Code (CG Code) as of the end of December, 2015, which for most companies was the deadline to submit their Corporate Governance Reports (CG Reports) to the TSE.
December 8th “Director Boot Camp”…Next Course: February 18th!!
BDTI’s December 8th English Director Boot Camp was a great success, with
active participation by a diverse group of European, American、and Asian persons! Everyone in the room benefited from the perspectives and experience of this fine group.
An Example for Japan: Germany’s Corporate Governance Commission
At the very outset of its governance code, Germany established a Commission of the Corporate Governance Code, which is required by law to evaluate the Code on an annual basis and proposed any changes or amendments that are needed. On average, the Commission has amended the Code almost once a year since it was first put in place. Out of its 14 diverse members, 3 are women.