Interestingly, the letter refers to Mr. Loeb's proposal as one that may merit consideration, and cites a number of provisions of the Corporate Governance Code at the end.
June 1st, 2015
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Interestingly, the letter refers to Mr. Loeb's proposal as one that may merit consideration, and cites a number of provisions of the Corporate Governance Code at the end.
June 1st, 2015
“ A number of developments and ongoing trends can be drawn from the GER 2014:
Non-U.S. enforcement actions have more than doubled since 2012, and in 2014 non-U.S. enforcement actions concerning bribery of foreign officials outnumbered U.S. enforcement actions. (See Figure 3.)
Japan’s first corporate-governance code come into effect Monday, less than a year after it was first proposed as part of the Abe administration’s 2014 growth strategy. Most of the first “comply or explain” statements will be filed by December.
Read the full paper:
http://bdti.mastertree.jp/f/4go1pweh
Read the Case Study on Soft Activist:
http://bit.ly/1AIBY1Q
“Corruption, the abuse of entrusted power for private gain, is the single greatest obstacle to economic and social development around the world. It distorts markets, stifles economic growth, debases democracy and undermines the rule of law.
Abstract: TOKYO (Standard&Poor's) May 19, 2015–A growing focus on return on equity among major Japanese companies may drive them to further unwind cross-shareholdings in major lenders and other corporations, Standard&Poor's Ratings Services said in a Japanese-language report published today.
Thanks to the leadership in the LDP, we wereso successful in suggesting a large number of new practices to the FSA that were in fact included in the Japan's Corporate Governance Code, that I got worried that more explanation is needed.
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.
Excerpt: … Meno’s comments echo those of Nicholas Benes, head of the Tokyo-based Board Director Training Institute of Japan (BDTI), who has called for increased director training in corporate governance to ensure a “virtuous cycle” that accelerates reform.