Paper: “C” Is for Crucible: Behavioral Ethics, Culture, and the Board's Role in Csuite Compliance, by Scott Killingsworth –
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Nishimura & Asahi’s Memos on Various Squeeze-Out Methods in Japan, Some of Them New
New Method to Squeezing Out Minority Shareholders (July 2014)
http://bdti.mastertree.jp/f/h9qxszrb
Squeezing Out Minority Shareholders (prior memo)
http://bdti.mastertree.jp/f/rm1vkyl5
Japan’s Formal Growth Strategy: Translation of Sections on Major Corporate Governance Reforms
The Japaneese government hasnot translated major portions of its Revised Growth Strategy intoEnglish yet, so The Board Director Training Institute of Japan (BDTI)recently translated the partsthat relateto reform of corporate governance. As you will note, among other things Japan has committed to produce:
NY Times: “Investors to Directors: ‘Can We Talk?7”
(From the article) What if lawmakers never spoke to their constituents?
Oddly enough, that’s exactly how corporate America operates. Shareholders vote for directors, but the directors rarely, if ever, communicate with them.
“Japan Discloses New Efforts to Combat Foreign Bribery, as OECD Steps Up Pressure on Japan to Increase Enforcement”
by Charles Duross, James Hough — from JD Supra business Advisorhttp://bit.ly/1oBhYSu
While many people don’t know it, a bribery scandal in Japan in 1976 was part of the motivation for the Foreign Corrupt Practices Act (FCPA), which was signed into law on December 19, 1977.
” The Uncertain Relationship Between Board Composition and Firm Performance”
(The original famous paper, byy Sanjai Bhagat and Bernard Black*)
METI’s “Guidelines on Outside Directors and Kansayaku”
Japan’s Ministry of Economy, Trade and Industry (METI) has produced these English translations of documents they createdto accelerate thinking in Japan about how to integrate and better utilize outside directors and kansayaku on boards. Overall, they reflect the shift towards a realization that more uniform and higher-level“best practices” are needed, in line with national policy to formulate a corporate governance code.
ACCJ Viewpoint: ” Further Implement Corporate Governance Reform in Japan to Spur Investment and Growth”
The ACCJ just released a detailed Viewpoint, urging the Government of Japan to do what it promised to do when it was elected, and more. The summary is below, and the report can be downloaded at the link below.
Risk Governance in Banking: Reforms Tend to Occur Most Where they are Least Needed
Paper: Reform Where it is Least Needed:Diffusion of Post Crisis Risk Governance Regulation – byShane Magee,Elizabeth Sheedy, andSue Wright — Those countries where shareholder and manager power is strongest (Japan, Switzerland, UK,US,) are least able to implement fundamental reforms.
Full English Translation of the LDP’s Historic “Japan Revival Vision”
The “Japan Revival Vision” written by the LDP’s “Japan Economic Revival Headquarters” has been translated in full. It has been released by Dietman Shiozaki, and can be downloaded at this link:
https://www.y-shiozaki.or.jp/pdf/upload/20140620104142_aUVp.pdf
It can also be downloaded here: http://bdti.mastertree.jp/f/5lehza2y