Discussion Forum - Page 65 of 116 - The Board Director Training Institute of Japan (BDTI)

BDTI / Hitotsubashi ICS English Seminar: “Comparing Audit Committees to Kansayaku Boards”, March 6, 2014

Over the past several decades, most countries have adopted the “Audit Committee” style of financial and risk oversight in their corporate governance structures. However, Japan has chosen to refine its somewhat unique framework for oversight of the audit function and directors’ duties, which utilizes a separate board known as the “Kansayaku Board”. This is the predominant form of governance and audit review in Japan, as it employed by approximately 98% of Japanese listed companies.

Consultation on the Green Book on Corporate Governance of the European Commission on the “Comply or Explain” Principle

Now that Japan will adoptthe comply-or-explain principle in its Company Law, evermore relevant: Abstract – How can the existing Corporate Governance mechanisms at the European level be improved? ….This paper discusses some of the answers proposed by the civil society following the Green Book on the topic and the public consultation launched by the European Commission on one of the aspect at the heart of Corporate Governance: The Comply or Explain Principle.

http://bdti.mastertree.jp/f/slamrz5n

Corporate Governance in Hong Kong: ‘The State of Affairs’ (dated, but useful: training needed)

Abstract – Hong Kong is a unique cosmopolitan business hub driven by pragmatism with a Chinese flair, in which, for many Chinese enterprises, corporate law and governance were introduced as alien concepts. As in many other countries, Hong Kong is obligated by international markets to embrace these requirements. Yet many business operators lack even the understanding of basic company law, partly because the obligations are incompatible with the values and corporate cultures nurtured in Hong Kong.

Japan Exchange Group – “Policy Recommendations from JPX Financial and Capital Markets Workshop”

Japan Exchange Group, Inc. (JPX) was launched in January 2013 with the future vision of becoming the most preferred exchange in the Asian region. However, Tokyo Market relatively loses its international competitiveness, as Hong Kong/Singapore's development, the rise of Asian countries, and accelerated financial system reform in China.

The market conditions looks sustaining it's strong economic performance thanks to the effect of Abenomics, but as Japanese financial and capital markets, there still remains many issues to be resolved.

(FSA) “Administrative Actions against Mizuho Bank Co., Ltd. and Mizuho Financial Group, Inc.”

Based on the results of the inspection of Mizuho Bank Co., Ltd and Mizuho Financial Group, Inc. conducted by the Financial Services Agency (hereinafter referred to as the “FSA”) and the reports submitted by Bank, the FSA today took the following administrative actions against Mizuho Bank Co., Ltd and Mizuho Financial Group, Inc. in order to ensure sound and appropriate business operations.

[ Available at: http://www.fsa.go.jp/en/news/2013/20131226-1.html ]

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