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John and Oliver Mihaljevic have put together the following highly useful online conference.Alongside a number of well-known investment experts and famous fund managers, BDTI's Nicholas Benes made a presentation on Assessing Leadership and Governance at Japanese Companies.You canregister at the link below and get access to everything:
(Written by Douglas Y. Park, Partner, Rimon, PC) – Shareholder activism has long carried a negative connotation among board members. The shareholder activist is too often seen as the gadfly shouting during the annual shareholders meeting, or the extremist group calling for divestment from certain countries.
Report by Santiago Chaher and James David Spellman, sponsored by the IFC and the Global Corporate Governance Forum – What should board members know about social media as it relates to a company’s ability to do business and safeguard its image? And what is the board’s role in helping a company make the best use of social media—and defending against its misuse? Two corporate governance practitioners provide insights on the power of new social technologies to shape boards’ decisions and bolster stakeholders’ influence.
Matt Orsagh of the CFA Institute has put together anexcellent roundup of recent reforms, innovations and new rules related to corporate governance. We think some of the innovation coming out of Turkey is most interesting. (Apropos of nothing, – Turkey, by the way, has a relatively high percentage of female directors compared to all nations in Europe.)
The well-read newsletter GlobalProxyWatch, The Newsletter of International Corporate Governance and Shareowner Value, reported on the recent event on diversity in the board room that was held by the Canadian Chamber, organized by BDTI, and well-supported by others including the ACCJ and participation by McKinsey:
In the spring of 2012, The Conference Board and the Rock Center for Corporate Governance at Stanford University conducted a survey of executives and board members to gain insight into how senior-level decision makers in North American companies view social media, and the extent to which they incorporate it into their corporate strategy and risk management practices.
The following entry appeared as part of Governance Metrics International’s GMI Blog. GMI is the leading independent provider of global corporate governance and ESG ratings and research. Corporate stakeholders – including leading investors, insurers, auditors, regulators and others – use GovernanceMetrics services to identify and monitor risks related to non-financial measures covering key environmental, social, governance and accounting risk factors.
Based on a representative survey, Nomura's Kengo Nishimura has summarized the results of proxy voting in the 2012 AGM season, in the report which can be downloaded below. His major conclusions, and some of the more salient data results:
Summary:Singapore, Hong Kong, Korea and India makesignificant reference to director training, and specify requirements or guidelines with respect to it.This is in keeping with the OECD's Priorities for Asia that were agreed last November. Most other jurisdictions also make some sort of reference to training. Japan does nothing it all; it does not even have a Corporate Governance Code or listing requirements on the topic.
Japan – Nothing at allto report.
CCCJ has put together a nice little video and summaryon our event, – which they so kindly sponsored ! We thank them.
http://www.cccj.or.jp/en/news/event-report/gender-diversity-seminar