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Including Larry Bates and Jim Weisser in this group, this means no less than four prior ACCJ Presidents and six former or existing board members, as well as numerous experienced CEOs,have taken the course. As usual, this group was so smart and had so many good questions, ourinstructor had his hands full… A description of […]
(From the BBC News web site) — Tyre maker Bridgestone has pleaded guilty to price-fixing and agreed to pay a $425m (£255m) fine to the US Department of Justice (DOJ).
According to the charges, Bridgestone participated in raising the prices of anti-vibration rubber parts sold to car manufacturers.
”Stewardship is a term that is nowadays part of daily parlance in investment and business circles. Stewardship is recognised as important by governments and regulators. Stewardship is no longer an optional extra and has to be taken seriously.
The major proxy advisory firm Glass Lewis has announced and published its proxy voting guidelines for the Japanese market. On the topic of independent directors, Glass Lewis writes:
「One of the best ways to demonstrate commitment to career growth is by obtaining industry recognized certification. This is true for finance, accounting, insurance, and legal professionals, but is it also applicable to board directors? Certification programs trigger debates among corporate governance experts: some are strongly against it, saying nothing can replace real boardroom experience, while others see it as a valid method for improving the knowledge and skills of directors.
Institutional Shareholder Services Inc. (ISS) has now formalized its position on director compensation bylaws.
This one-dayintensive program teaches participants the key legal and corporate governance knowledge they need to responsibly serve on, report to, or analyze boards of Japanese companies, both public and private. The course consists of short lectures interspersed with ample time for interactive discussion and questions-and-answers about real-life situations that occur on boards, and how to handle them. The course is usually good fun for everybody, since we all learn from each others' experiences, as well as from BDTI. The program will cover topics such as:
(Reuters) – Canon Inc has appointed its first outside directors, ending years of high-profile resistance to opening up its boardroom as pressure mounts on Japan's big companies to improve governance and better manage risks.
The camera maker's long-serving chief executive Fujio Mitarai, who headed Japan's powerful Keidanren business lobby from 2006 to 2010, had argued that only insiders could understand the company well enough to serve effectively on its board.
Review Essay: Citizens DisUnitedJames McRitchie,April 24, 2013, Citizens DisUnited: Passive Investors, Drone CEOs, and the Corporate Capture of the American Dreamboth delights and informs as only Robert A.G. Monks can. No one else writes so wellabout topics like “How CEOs and the Business Roundtable Hijacked the World’s Greatest Wealth Machine” and those in the current […]
A fine article that captures the essence of the money society and money addiction – ”IN my last year on Wall Street my bonus was $3.6 million — and I was angry because it wasn’t big enough. I was 30 years old, had no children to raise, no debts to pay, no philanthropic goal in mind. I wanted more money for exactly the same reason an alcoholic needs another drink: I was addicted….
http://www.nytimes.com/2014/01/19/opinion/sunday/for-the-love-of-money.html?_r=0