Corporate Governance in Japan: From the Viewpoints of Management, Accounting, and the Market

ISBN-13: 9784431309192 / Angielski / Twarda / 2006 / 122 str.

Nobuyuki Demise; Yumiko Miwa; Mariko Nabayashi

Opis

In Japan, the problem of corporate governance has been cogently argued in the ?eld of social science for the past decade, and the issue has also been taken up separately in law, business administration, and accounting.This book, however, is the ?rst to take a general overview of corporate governance with respect to management, risk management, accounting, and the capital markets. Corporate governance in the broad sense must include stakeholders with various interests while taking into consideration the sometimes unscrupulous affairs of companies and bankruptcies of big businesses, along with today s increasing numbers of mergers and acquisitions.Both the company manager and the institutional investor have begun to be more concerned about corporate social responsibility (CSR) and socially responsible investment. After 2003, the issue of CSR began to be taken up more frequently by the media in Japan, and study meetings and committees associated with the Ministry of Economy, Trade and Industry, Ministry of the Environment, and the Ministry of Health, Labour and Welfare were established.These trends are evidence of signi?cant changes in Japanese corporate governance.The study presented here proposes that a company should play a social role to bring about a sustainable society."

Spis treści

Part 1 Four Approaches to Corporate Governance Management and Corporate Governance N Demise Moral Hazard in Corporate Governance M Nakabayashi Accounting and Corporate Governance Y Nakoshi Institutional Investors and Corporate Governance Y Miwa Part 2 Corporate Governance in Japan Institutional Investors Exercising Shareholder Voting Rights in Japan Y Miwa Board of Directors N Demise Accounting and Disclosure in Japan Y Nakoshi Managerial Judgment Hazard in Corporate Governance M Nakabayashi Part 3 Corporate Governance in Global Economy The Effect of Global Shareholder Activism on the Japanese Financial System and the Japanese Corporation Y Miwa OECD Principles of Corporate Governance N Demise