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TSE Public Comment Process – “Revisions to Listing Rules Regarding Corporate Governance to Restore Confidence …”
The TSE conducted a public comment process with respect to its proposed Revisions to Listing Rules Regarding Corporate Governance to Restore Confidence in the Securities Market. The deadline for submissions was March 29th. We will be posting any public comments submissions that anyone cares to send to us.
TSE's Proposed Revisions to Listing Rules Regarding Corporate Governance to Restore Confidence in the Securities Market
http://bdti.mastertree.jp/f/ov0xn2hq
Model Shareowner Proposal for Proxy Access
(Just look at all the things our friends in the US have to go through simply in order to be able to get their shareholder proposals to nominate directors in the Proxy materials.To Japan's credit, it already provides clear access to the proxy for anyone holding the lesser of 1% of total shares or 300 units – a low hurdle. )
Introduction:
Panel Discussion Event: ” After Olympus….What Do Foreign Investors Want Most From Japanese Companies?”
Event Date : May 28th, at 4:00 – 6:00 pm (Arranged in collaboration with the Canadian Chamber of Commerce in Japan, the ACCJ, and TMI Associates.)
Fiscal year 2011 seems to have been the year of corporate scandals and governance mishaps in Japan. As a result, policymakers have voiced serious concern about the need to improve corporate governance because foreign money is deserting the market.
McKinsey & Company’s Research Report - “Women Matter 2012: Making the Breakthrough”
Since 2007, our Women Matter research has been making the business case for increasing the number of women in senior management roles. Companies need access to the biggest possible talent pool and, we would argue, the different and complementary perspectives and leadership styles that women bring. Indeed, our research has shown a link between the proportion of women on executive committees and corporate performance.
ICGN Political Contributions Best Practice Guidelines Echo UK Bribery Act Principles
The International Corporate Governance Network (ICGN) has published best practice guidelines on political contributions (the Guidelines). The Guidelines adopt a multi-jurisdictional approach, outlining a global policy for political donations for companies….
UK’s FRC Re: “What Constitutes an Explanation Under ‘Comply or Explain'”
Excerpts from article in Audit and Risk –
The UK’s corporate reporting regulator has set out a number of considerations that companies should bear in mind when disclosing why they do not comply with parts of the Corporate Governance Code.
Morrison Foerster’s report, “The Expansive Reach of the FCPA Extends to Japan Again”
Morrison Foerster released thereport, The Expansive Reach of the FCPA Extends to Japan Again: A Second Japanese Company Resolves FCPA Charges Related to a Nigerian Bribery Scandal
Introduction
Japanese Company Law Amendment Public Comments – Several Refer to the Need for Director Training
Below are some recent requests that arose in the Company Law Public Comment process, highlighting the need for board/director training in Japan.
Why Do CEOs Survive Corporate Storms? Collusive Directors, Costly Replacement, and Legal Jeopardy
Abstract: We use an observable action (non-executive directors’ insider trading) and an observable outcome (the market assessment of a board-ratified merger) to infer collusion between a firm’s executive and non-executive directors. We show that CEOs are more likely to be retained when both directors and CEOs sell abnormal amounts of equity before the delinquent accounting […]