Discussion Forum - Page 52 of 116 - The Board Director Training Institute of Japan (BDTI)

BDTI’s Nicholas Benes at Tachibana High School

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:

Kenju Watanabe: “Control Transaction Governance: Collective Action and Asymmetric Information – Problems and ex Post Policing”

Collective action and asymmetric information problems resulting from
dispersed ownership necessitate the use of agents. These twin problems and relatedagency problems induce control transactions as a solution. These problems, however,also cause dilemmas relating to the governance of control transactions. An ex postjudicial intervention may be employed as a solution for the dilemmas.

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