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(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
The Administrative Law Judge in the SEC’s long-running case against the Chinese affiliates of the Big Four auditors has issued an order barring the firms from practicing before the SEC for six months. The opinion can be viewed at
http://www.sec.gov/alj/aljdec/2014/id553ce.pdf.
Threats Take Advantage of Expanding Attack Surface with New Technique
The World Economic Forum released its Global Risks 2014 on January 16.
You can download the report from the following URL:
http://reports.weforum.org/global-risks-2014/
This course is now fully booked.
Course Description: This is an intensive full-afternoon session intended tobrush-up (or as they say in Japanese, level-up) participants' familiarity with: a) someof the more complex but important topics that arisein interpreting financial statementsin Japan;b) key emerging issues such as IFRS; and c) how strategy and cash flows are reflected in financial statements.
Paper by Hiroshi Shibuya,Professor of Economics at Otaru University of Commerce. The altruists ofus had great interest in this paper, which answers the question, are we useful to society?
Good article about this key topic that academics are studying more now. Excerpts:The participant flips the coin in private (though secretly watched by video cameras), said David DeSteno, a professor of psychology at Northeastern who conducted the experiment. Only 10 percent of them did it honestly. . … “the rescuers say, ‘What else could I do?’ ” she said.
Mr. Nader said he saw his shareholder rights activity as a natural extension of his work. Right now, “it is very hard to find entry points” to influence corporate America, he said, because “deregulation is rampant” and access to the courts has declined as shareholder suits have been limited and the courts have increasingly endorsed the ability of corporations to push consumers into arbitration. Adding to that, “congressional oversight is weak,” he said, and “prosecution budgets are very low.”