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