Stewardship and Corporate Governance in Japan

Bruce Aronson presented an update on corporate governance in Japan at Asian Investing Summit 2017.

Bruce’s presentation covered three topics related to Japan: (1) structure of the investment market—size and market divisions among listed companies and foreign investment in the various market divisions; (2) corporate governance reform, the main topic, focusing on implementation of the Stewardship and Corporate Governance codes and also on the new third choice of corporate form (company with a supervisory committee); and (3) the question of whether Japanese corporate governance is really changing to become more shareholder friendly.

Note: Bruce did not discuss specific ideas during this session.

About the instructor:

Professor Aronson is a professor of law at Hitotsubashi University’s Graduate School of International Corporate Strategy. His main area of research is comparative corporate governance with a focus on Japan. He also acts as an advisor to the law firm of Nagashima Ohno & Tsunematsu. Professor Aronson received his undergraduate degree from Boston University and his J.D. from Harvard Law School in 1977. Professor Aronson was a corporate partner at the law firm of Hughes Hubbard & Reed LLP in New York (1989-2000) and a professor of law at Creighton University (2004-2013). His experience in Japan includes research at the University of Tokyo (2000-2002, 2004), the Bank of Japan (2010), and Waseda University (2011-2013).

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