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| Message from the New Representative Director |
Experts Dialogue at theGerman Institute for Japanese Studies (DIJ)
Thursday, 9 April 2015, 18.30 h – 20.00 h
Japan’s Corporate Governance Code – Driver of Change?
Speakers:
Nicholas Benes, BDTI
Takaya Seki, Corporate Practice Partner Inc.
BDTI's March 3rd English Director Boot Camp was good fun and learning at the same time,with a lot of active participation by a diverse group including people from as far away as the Maldives. We are planning to hold the next course on Tuesday, June 2nd.
“ I. Purpose The Corporate Governance Code (“Code”) has been drafted and is scheduled to be implemented in June 2015 in line with the government's growth strategy, Japan Revitalization Strategy (Revised 2014) formulated in June 2014. The growth strategy also calls for TSE’s listing rules to require listed companies to explain the reason for non-compliance with the Code. TSE will make the necessary revisions to its rules and regulations to achieve this comply-or-explain regime.
In view of its historical importance and expected impact as the primary policy in the Third Arrow of Japan's growth strategy, I have put together a Powerpoint summary about the draft corporate governance code and its implications against the backdrop of Japan's growth strategy.
The summary covers:
So far wehave collected the following public comments that have been submitted to the FSA with regard to the exposure draft of Japan's new corporate governance code:
American Chamber of Commmerce in Japan
http://bit.ly/1zu25Hz
Asian Corporate Governance Association
http://bdti.mastertree.jp/f/sw0iqcpm
In December, BDTI's Nicholas Benes spoke about the theme of what is a corporation? – and what is corporate governance? to a group of students enrolled atTachibana High School's Commerce Department.
It seems to have been an eye-opening experience for some students. We received much feedback. Here are some examples of comments written by students:
The Center on Japanese Economy and Business, Columbia Business School will hold a seminarevent:Japan’s Changing Corporate Governance (co-sponsored by Development Bank of Japan Inc.), on Thursday May 21st, in Tokyo. BDTI's Representative Director, Nicholas Benes, will serve as a panelist.
”The Sony cyber attack should teach companies an entirely different lesson. Target, Sony and myriad other attacks over the last two years highlight that every company is vulnerable to cyber attacks, regardless of their size, industry or the information they hold.
