Ａ typical scene from one of BDTI's small-numbers, interactive director training courses.

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TSE Releases Public Comments Submitted Regarding its Corporate Governance Proposals to Restore Confidence in Markets

2012-06-18 posted by BDTI Administration

The Tokyo Stock Exchange (TSE) has releasedmost of the results of its recent public comment process regarding its ownproposed measures to restore public confidence to the securities markets. Because the TSE had only proposed that it publish a handbook to be given to outside board members, many comments focused on the need for the TSE to promulgate rules requiring director training or at least the disclosure of company policy abou it.

Japanese Shareholder Value: Aligning Human Capital and Financial Capital

2012-06-15 posted by BDTI Administration

Who is the Japanese shareholder? One image is the rapacious foreign financial investor who seeks to strip the fruits of decades of hard work and leaves a trail of corporate husks behind. While it is easy to anthropomorphize such a villain, the truth is more nuanced.

Nomura’s “Individual Investor Survey” Shows Big Change in Public Attitudes—> External Directors Are Needed

2012-06-15 posted by BDTI Administration

From Page 11 – 「　(8) Views on the appointment of external directors
For this month's spot question, we asked individual investors about their views on the appointment of external directors. On the issue of making the appointment of external directors mandatory, the highest proportion of respondents—32.4%—chose the answer appointing more than one clearly independent external director should be mandatory ….

“Toxic Assets: Nuclear Reactors in the 21st Century” (Report by Greenpeace/Banktrack)

2012-06-13 posted by BDTI Administration

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:

Nomura’s AGM Preview – “Shareholder Attitudes Toward Independence…of Particular Interest”

2012-06-12 posted by BDTI Administration

Opportunity for Japanese companies to restore confidence in their governance

Interesting Article about Kobe Court Judgment (Charle, Case re MBO Valuations)

2012-06-10 posted by BDTI Administration

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).

Recording of Expert Panel: ” After Olympus, What Do Foreign Investors Want Most From Japanese Companies?”

2012-06-10 posted by BDTI Administration

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

Mizuho FG: Shareholder Proposal Requiring Disclosure of Policy and Actions Taken (if Any) to Train Board Members

2012-06-09 posted by BDTI Administration

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’s “The Boardroom Channel” Series of Videos

2012-06-07 posted by BDTI Administration

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.)

https://www.boardmember.com/brc_boardgovernanceseries.aspx

Transparency International’s “Anti-Bribery Due Diligence for Transactions”

2012-06-05 posted by BDTI Administration

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:

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