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Nomura has released the results of its Individual Investors Survey. The results pertaining to governance matters, intentions regarding exercising voting rights at general shareholders‘ meetings, are set forth at the bottom, but the main gist is that: Of the respondents saying they planned to exercise their voting rights, 25.8% said they intended to vote in […]
1. Overview
Under Japan's Companies Act of 2005, which consolidated corporate law regulations in Japan, a corporate auditor (kansayaku) is a mandatory organ of a joint-stock company with two exceptional situations. Specifically, a small-scale closely-held company is not required to have kansayaku, and a committee company is required to have three committees (the audit committee, the nominating committee and the compensation committee) but not kansayaku.
March 29, 2012- Announcment by The Japan Corporate Auditors Association (JCAA), The Japanese Institute of Certified Public Accountants (JICPA) —->
（任務）
第三条 金融庁は、我が国の金融の機能の安定を確保し、預金者、保険契約者、有価証券の投資者その他これらに準ずる者の保護を図るとともに、金融の円滑を図ることを任務とする。
English readers (and sponsors)may be interested to know about recent seminars provided by BDTI, and those that are in the works. (Note:below, we have listed BDTI’s group programs. BDTI also offers low-costE-Learning, consisting of 4 hours on the Company Law and 5 hours on corporate governance; and “customized” courses for single companies.)
Following its successful first offering, BDTI will hold its next English-language Director Boot Camp on Saturday, June 23rd. Thisintensive programteaches attendeesthe keylegal and corporate governance knowledgethey need to responsibly serve on, report to, or analyze boards of Japanese companies, focusing most on issues that arise in public companies. (However, manysubjects are also relevant to Japanese subsidiaries of public companies, or even private companies.)
To better understand succession planning in an Asian context, Spencer Stuart brought together board directors, CEOs and other senior executives in Singapore for a panel discussion featuring Hsieh Tsun-yan, an independent director of Sony Corporation, Bharti Airtel and Manulife Financial; and Koh Boon Hwee, chairman of Yeo Hiap Seng and a board director of Agilent Technologies.
Key Takeaway: TEPCO’s board may be more independent, but Japan, Inc is still slow to improve broader governance even as Singapore, HK advance
It seems like it's always worthwhile to know about new takes on how to think about risk. Here is Deloitte's Three Minute Guide to risk analytics:
The following entry appeared as part of GovernanceMetrics 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.