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Greenpeace and Banktrack have published a report entitled Toxic Assets: Nuclear Reactors in the 21st Century – Financing Reactors and the Fukushima Nuclear Disaster. The report has important ESG-related implications. The quoted parts below are from the web site publication page, the first page, and the Executive Summary:
Opportunity for Japanese companies to restore confidence in their governance
The Kobe District court recently handed down a judgment ordering a company to disclose information relating to its MBO (excluding information which the exposure of which could potentially harm whistleblowers).
http://agora-web.jp/archives/1462216.html
Some are calling this a very significant judgment, though we will have to see how it plays out (including any appeals).
Regarding the expert panel event that BDTI recentlyorganized – After Olympus, What Do Foreign Investors Want Most From Japanese Companies? onMay 28, 16:00 —> For those who missed it, the recording to this event is available for the same price of the event (personal use only).
Contact: info@bdti.or.jp Event description: bdti.or.jp/english/node/371
A shareholder has submitted a proposalto Mizuho Financial Group that would require it to discloseabout its policy(if it has any)and any actions taken to train its own board members.Mizuho's own translation follows:
Proposal 7: Partial amendment to the Articles of Incorporation (Concerning disclosure of policy and results of officer training)
Boardmember.com has put many useful videos – short lectures or interview – on its web site. They span a broad range of categories. Not all are pertinent to boards in Japan, but many of them are, or the core concepts are. (You can select from the categories on the right.)
Transparency International UK ( http://www.transparency.org.uk/) has released a very useful report on this topic. Introductory excerpts:
Purpose of this guidance: Anti-bribery due diligence can help purchasers to manage their investment risk in transactions more effectively. However, it is often not undertaken, neglected, or allocated insufficient time and resources. A recent survey found that:
Inaugural address by Mijntje Lückerath-Rovers of Nyenrode Business University.Abstract:How, without switching to increasing degrees of legislation with hard controls, do we nevertheless provide direction to desirable conduct in the boardroom and thus to more effective corporate governance?
22.26% of shareholders of Deutsche Bank viewed the situation from the same perspective as Hermes and VIP ( counter-motions ) and denied the Deutsche Bank Supervisory Board discharge, as a payback for its disorganized leadership. Among the supporters were (alongside many family offices around the globe and many retail shareholders in Germany) primarily:
（From the Brookings Institution's web site;to see the video, access the link below) – ” The individuals and organizations who own shares in corporations have changed radically over the past 50 years. Today the household sector holds few direct shares in corporate equities – and a significant majority of stocks are owned by institutional investors, including […]