Japanese Corporate Governance at a Crossroads

Japanese Corporate Governance at a Crossroads
Author: Luke Nottage
Publsiher: Unknown
Total Pages: 30
Release: 2001
ISBN: 1928374650XXX
Category: Electronic Book
Language: EN, FR, DE, ES & NL

Japanese Corporate Governance at a Crossroads Book Excerpt:

Corporate Governance at the Crossroads

Corporate Governance at the Crossroads
Author: Marleen Willekens,Piet Sercu
Publsiher: Intersentia nv
Total Pages: 138
Release: 2005
ISBN: 9050954693
Category: Law
Language: EN, FR, DE, ES & NL

Corporate Governance at the Crossroads Book Excerpt:

Since Enron and assorted scandals, trust cannot be restored without transparency. The new rules and guidelines that have emerged so far-like SOx in the US, various EU initiatives, or Belgium's 2002 Corporate Governance Act and its 2004 Code on Corporate Governance-mainly relate to corporate governance and external auditing, and much less to a direct reform of actual corporate disclosure requirements related to performance. The issue discussed in this book is the effectiveness of four traditional corporate governance mechanisms (board of directors, audit committee, internal control and audit, external audit) as monitoring and (to a lesser extent) entrepreneurial devices. We review what the empirical literature has been reporting regarding this issue. We also take stock of contemporary governance practice for Belgian listed companies. Last but surely not least we report on about twelve hours of round-table discussions about governance and trust held with Belgian and international luminaries from business and academia. Many of the cause-and-effect relations that one tends to take for granted turn out to be empirically undetectable, while many cures may be worse than the underlying diseases. For example, there is no univocal international evidence that board independence leads to better performance or corporate decisions. And as far as the Belgian evidence is concerned, for example, more board meetings seem to be associated with less transparency, instead of more. Equally puzzling, the Belgian evidence is not that favourable with respect to effectiveness of audit committees, whilst it is more favourable regarding the effectiveness of the internal audit function. Given this and much more evidence regarding the effectiveness of governance mechanisms, this book is a genuine must to anybody involved in the design or implementation of the trustrestoring measures that are being taken now.

Principles of Contemporary Corporate Governance

Principles of Contemporary Corporate Governance
Author: Jean Jacques du Plessis,Anil Hargovan,Mirko Bagaric
Publsiher: Cambridge University Press
Total Pages: 135
Release: 2010-11-03
ISBN: 113949385X
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Principles of Contemporary Corporate Governance Book Excerpt:

Principles of Contemporary Corporate Governance, Second Edition, provides a concise presentation of vital topics and emerging themes in corporate governance within the private sector, while maintaining the key elements of the successful first edition. This definitive book not only exposes the fundamental principles of corporate governance, it builds upon them by illustrating how they are applied. It includes several prominent case studies, and directors' duties and liability are illustrated by drawing on the most recent Australian court cases. Although grounded in Australian corporate governance, the book will appeal to practitioners and students of law and business management internationally. Principles of corporate governance are explicated for readers in all jurisdictions, with specific reference to the Global Financial Crisis (GFC) and the implications for corporate governance developments in the future.

Corporate Governance in the 21st Century

Corporate Governance in the 21st Century
Author: Luke Nottage,Leon Wolff,Kent Anderson
Publsiher: Edward Elgar Publishing
Total Pages: 304
Release: 2009-01-01
ISBN: 1848445113
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Corporate Governance in the 21st Century Book Excerpt:

Corporate Governance in the 21st Century is a very useful addition to the literature on corporate governance in Japan. It is worth reading simply because it updates many of the ongoing issues such as adoptions of takeover defenses, appointments of independent directors, and increases in foreign direct investment. It is also useful because it examines corporate governance from the perspectives of business as well as law. Furthermore, it provides the beginnings of a framework through which to understand the process of gradual transformation. Christina L. Ahmadjian, Journal of Japanese Studies An invaluable set of resources for everyone with an interest in corporate governance in Japan. Covering both basic information and recent developments, the collection provides readers with an excellent survey of the complexity of modern corporate governance and its legal setting. . . in Japan. Hideki Kanda, University of Tokyo, Japan The essays in this collection approach Japanese corporate governance in the 2000s from a variety of novel perspectives novel in terms of subject matter, methodology, and points of comparison. The result is a comprehensive portrait of the current dynamics of change and stasis in the institutional environment for Japanese firms. Curtis Milhaupt, Columbia Law School, US The lost decade of economic stagnation in Japan during the 1990s has become a found decade for regulatory and institutional reform. Nowhere is this more evident than in corporate law. In 2005, for example, a spate of reforms to the Commercial Code culminated in the new Company Act, a statute promising greater organisational flexibility and shareholder empowerment for Japanese corporations competing in a more globalised economy. But does this new law herald a more Americanised system of corporate governance? Has Japan embraced shareholder primacy over its traditional loyalty to other key stakeholders such as main banks , core employees, and partners within diffuse corporate (keiretsu) groups? This book argues that a more complex gradual transformation is unfolding in Japan a process evident in many other post-industrial economies. The book brings together contributions from academics and practitioners from Japan, Australia, New Zealand, Canada and the United States. It includes chapters on comparative corporate governance theory and methodology, lifelong employment, the main bank system, board structures, and governance issues in small and medium-sized enterprises. The procedural, substantive and FDI policy dimensions of takeover law and practice are discussed, as well as empirical changes to corporate governance practices in large, publicly listed companies during the past twenty years. The authors rich mix of national, disciplinary and professional backgrounds allows for a broad comparative perspective on developments in Japanese corporate governance. The book will be of great interest to scholars and students of law, business, political economy and Japanese studies, and will also appeal to corporate lawyers and policymakers.

Japanese Corporate Governance at a Crossroads

Japanese Corporate Governance at a Crossroads
Author: Luke R. Nottage
Publsiher: Unknown
Total Pages: 45
Release: 2005
ISBN: 1928374650XXX
Category: Electronic Book
Language: EN, FR, DE, ES & NL

Japanese Corporate Governance at a Crossroads Book Excerpt:

Over the last decade or so, elaborate theoretical and empirical analyses of 'varieties of capitalism' have been developed, mainly to contrast Anglo-American models with those in East Asia and - especially - Europe. Corporate governance, broadly defined as relations among a range of stakeholders in firms, provides a useful focal point in testing and refining these analyses, especially in relation to Japan and the issue of convergence or divergence on Anglo-American models. Parts II-IV of this paper apply principal-agent theory to identify problems arising from incomplete information and possible opportunism among managers, shareholders, creditors and employees. It finds considerable realignment of manager and shareholder interests, even more change to Japan's main bank system of corporate governance, and less obvious - but significant - transformations in employment relations. Although differences are therefore apparent in these three major components of corporate governance, the degree of convergence towards more arm's length control mechanisms characteristic of Anglo-American models is more pronounced than expected by some theorists of 'varieties of capitalism'. However, Part V suggests that more cooperative relations may continue to prevail at the level of industrial production in Japan, premised on expansive information-sharing and participation, in turn suggesting that more than opportunism is at work. The Japanese state may also be moving in this direction, implying a more positive assessment of seemingly indecisive policy-making over the last decade. This could further set the stage for new forms of corporate governance to emerge, similarly characterised by forthright information-sharing among new stakeholder participants. Key issues are therefore whether Japan as a whole is moving towards more openness in information flows and participation by various socio-economic groups, and whether this is driven purely by concerns about opportunism or by other normative considerations. These issues are common to the US and Britain as well, suggesting a deeper level of convergence in Japan. But how they are resolved could well play out quite differently, leaving important divergences. In this conclusion, and generally by suggesting some possible tensions as well as coherence among important dimensions of contemporary capitalist systems, this paper therefore questions some other tenets of 'varieties of capitalism' theories developed so far.

The Market for Corporate Control in Japan

The Market for Corporate Control in Japan
Author: Enrico Colcera
Publsiher: Springer Science & Business Media
Total Pages: 387
Release: 2007-09-04
ISBN: 3540715886
Category: Law
Language: EN, FR, DE, ES & NL

The Market for Corporate Control in Japan Book Excerpt:

This book analyzes the modern trend in the Japanese M and A market. It reveals from different perspectives the process of convergence to a new monitoring model of the corporation: "the market for corporate control". The book contains a systematic survey of all relevant economic and legal information in this field. Analysis of 17 recent cases of hostile takeover is presented.

Perspectives on Corporate Social Responsibility

Perspectives on Corporate Social Responsibility
Author: Nina Boeger,Dr. Rachel Murray,Charlotte Villiers
Publsiher: Edward Elgar Publishing
Total Pages: 258
Release: 2008-01-01
ISBN: 184844379X
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Perspectives on Corporate Social Responsibility Book Excerpt:

Examines the concepts of corporate social responsibility (CSR) in the context of globalisation and its many challenges, focusing on different legal perspectives that arise.

Corporate Governance at the Crossroads A Book of Readings

Corporate Governance at the Crossroads  A Book of Readings
Author: Stuart Gillan,Donald Chew
Publsiher: McGraw-Hill/Irwin
Total Pages: 512
Release: 2005
ISBN: 1928374650XXX
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Corporate Governance at the Crossroads A Book of Readings Book Excerpt:

Corporate Governance at the Crossroads: A Book of Readings has both groundbreaking and recent articles on corporate governance. It is a perfect supplement and packaging item with McGraw-Hill/Irwin’s many undergraduate or graduate corporate finance textbooks.

Shareholders Duties

Shareholders    Duties
Author: Hanne S. Birkmose
Publsiher: Kluwer Law International B.V.
Total Pages: 474
Release: 2017-01-15
ISBN: 904116684X
Category: Law
Language: EN, FR, DE, ES & NL

Shareholders Duties Book Excerpt:

It is often assumed that shareholders have rights, not duties. In recent years, however, this assumption has come under intense scrutiny in all aspects of company law and capital market law -legislation, the courts, soft law, and scholarship - and, in Europe especially, major changes are under way across a diverse spectrum all the way from revised contractual arrangements to mandatory statutory provisions. Such a shift has important implications for the fundamentals of European company law, and there is a need to examine shareholders' duties and to consider where this trend is taking shareholders and their stance in law. This focused collection of essays by twenty notable scholars addresses this complex subject from a highly informative and useful variety of perspectives. Examining shareholders' duties along three axes - types of investee companies, types of shareholders, and types of business situations - the essays deal with such topics and issues as the following: - shareholders' duties as reflections of the interests they are intended to safeguard; - shareholders' duties to society; - shareholders' disclosure obligations; - duties of parent companies; - institutional investor's fiduciary duty; - how regulatory duties constrain value-reducing forms of opportunism; - the state's continuing duties in the transformation of state-owned companies; - significant shareholders' duties in transactions with the company; and - powerful shareholders' duty not to abuse right. Examining the implications of this shift in discourse - how shareholders' duties are coming to the fore under the impetus of legislation, legal doctrine, case law, and enforcement strategies - as well as its ideological underpinnings, this book offers a comprehensive and in-depth consideration of this rapidly developing field. It will prove of inestimable value not only to policymakers and academics, but also to investors and practitioners committed to creating conditions favourable to sustainable economic growth and responsible business behaviour.

Knowledge Perspectives of New Product Development

Knowledge Perspectives of New Product Development
Author: Dimitris G Assimakopoulos,Elias G. Carayannis,Rafiq Dossani
Publsiher: Springer Science & Business Media
Total Pages: 330
Release: 2011-12-02
ISBN: 9781461402480
Category: Science
Language: EN, FR, DE, ES & NL

Knowledge Perspectives of New Product Development Book Excerpt:

New Product Development (NPD) is about the ideation, formulation, and implementation of new and superior solutions in the market. Beyond the obvious need for organizations to innovate in order to compete, embedded in any NPD program are knowledge, technological expertise, and the social networks that convert these capabilities into offerings that create value at every level—for customers, industries, communities, and regions. This volume provides an array of knowledge perspective in NPD across multiple levels of analysis and geographic regions, including Europe, the United States, China, Japan, and India, to explore the dynamics of NPD in today’s global environment. Presenting case studies from such industries as ICT services, semiconductors, software development, bio-technology, higher education, and even safety for children’s toys, and drawing from a variety of theoretical perspectives, including technology and knowledge management, sociology, economic geography, and organizational behavior, the authors highlight critical success and failure factors in NPD. Among the topics covered: New product development teams, including multi-functional and multi-site teams De-localization and off-shoring of tasks and processes Individual competencies and organizational capabilities University-industry interactions, high-tech clusters, and technology transfer Technology policy

Independent Directors in Asia

Independent Directors in Asia
Author: Dan W. Puchniak,Harald Baum,Luke Nottage
Publsiher: Cambridge University Press
Total Pages: 638
Release: 2017-11-02
ISBN: 1316846091
Category: Law
Language: EN, FR, DE, ES & NL

Independent Directors in Asia Book Excerpt:

The rise of the independent director in Asia is an issue of global consequence that has been largely overlooked until recently. Less than two decades ago, independent directors were oddities in Asia's boardrooms. Today, they are ubiquitous. Independent Directors in Asia undertakes the first detailed analysis of this phenomenon. It provides in-depth historical, contextual and comparative perspectives on the law and practice of independent directors in seven core Asian jurisdictions (China, Hong Kong, India, Japan, Singapore, South Korea, Taiwan) and Australia. These case studies reveal the varieties of independent directors in Asia, none of which conform to its original American concept. The authors develop a taxonomy of these varieties, which provides a powerful analytical tool for more accurately understanding and effectively researching independent directors in Asia. This new approach challenges foundational aspects of comparative corporate governance practice and suggests a new path for comparative corporate governance scholarship and reform.

Collective Actions

Collective Actions
Author: Stefan Wrbka,Steven Van Uytsel,Mathias Siems
Publsiher: Cambridge University Press
Total Pages: 423
Release: 2012-04-30
ISBN: 1107021545
Category: Law
Language: EN, FR, DE, ES & NL

Collective Actions Book Excerpt:

This volume of essays examines whether collective actions can enhance access to justice for multilayer interests.

The Embedded Firm

The Embedded Firm
Author: Cynthia A. Williams,Peer Zumbansen
Publsiher: Cambridge University Press
Total Pages: 135
Release: 2011-08-11
ISBN: 1139499254
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Embedded Firm Book Excerpt:

The globalization of capital markets since the 1980s has been accompanied by a vigorous debate over the convergence of corporate governance standards around the world towards the shareholder model. But even before the financial and economic crisis of 2008/2009, the dominance of the shareholder model was challenged with regard to persisting divergences and national differences in corporate law, labor law and industrial relations. This collection explores this debate at an important crossroads, echoing Karl Polanyi's famous observation in 1944 of the disembeddedness of the market from society. Drawing on pertinent insights from scholars, practitioners and regulators in corporate and labor law, securities regulation as well as economic sociology and management theory, the contributions shed important light on the empirical effects on the economy of the shift to shareholder primacy, in light of a comprehensive reconsideration of the global context, policy goals and regulatory forms which characterize market governance today.

Product Safety and Liability Law in Japan

Product Safety and Liability Law in Japan
Author: Luke Nottage
Publsiher: Routledge
Total Pages: 328
Release: 2004-07-31
ISBN: 1134433891
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Product Safety and Liability Law in Japan Book Excerpt:

Developing insights from a number of disciplines and with a details analysis of legislation, case law and academic theory, Product Safety and Liability Law in Japan contributes significantly to the understanding of contemporary Japan, its consumers and its law. It is also of practical use to all professionals exposed to product liability regimes evolving in Japan and other major economies.

Foundations of Enterprise Governance and Enterprise Engineering

Foundations of Enterprise Governance and Enterprise Engineering
Author: Jan A.P. Hoogervorst
Publsiher: Springer
Total Pages: 574
Release: 2018-03-23
ISBN: 3319721070
Category: Computers
Language: EN, FR, DE, ES & NL

Foundations of Enterprise Governance and Enterprise Engineering Book Excerpt:

This book outlines the important foundational insights for enterprise governance and enterprise engineering, which are obviously provided by the social and organization sciences, but also by other sciences such as philosophy and information technology. It presents an employee-centric theory of organization in order to secure enterprise performance and also to comply with moral considerations about society and human individuals. This is necessary as prescriptions based on ‘best practices’ or the ‘best managed companies’ are often merely anecdotal, faddish, or controversial, and based on unsubstantiated pseudo-theories. The book consists of four main chapters, the first of which summarizes the importance of foundational insights for enterprises and explains the mutual relationships between the basic elements of enterprise governance and enterprise engineering. Next, chapter 2 explains the necessary philosophical foundations concerning knowledge, truth, language, and human existence. Subsequently, chapter 3 describes the ontological foundation and the nature of society and enterprises, as understanding their characteristics is a prerequisite for understanding and designing enterprises. Finally, chapter 4 approaches ideological foundations as beliefs and convictions, as they create specific requirements for the design of enterprises. In this way, the book covers all the cornerstones of the employee-centric theory of organization, drawing on foundational insights. The book is mainly intended for students specializing in areas such as business administration, management and organization science, governance, and enterprise and information systems design. However, professionals working in these areas will also benefit from the book, as it allows them to gain a deeper understanding of the theoretical foundations of their work and will thus help them to avoid strategic failures due to a lack of coherence and consistency between the various parts of their organization.

Corporate Social Responsibility and Sustainable Development in Emerging Economies

Corporate Social Responsibility and Sustainable Development in Emerging Economies
Author: Dhirendra K. Vajpeyi,Roopinder Oberoi
Publsiher: Lexington Books
Total Pages: 380
Release: 2015-12-24
ISBN: 1498518354
Category: Political Science
Language: EN, FR, DE, ES & NL

Corporate Social Responsibility and Sustainable Development in Emerging Economies Book Excerpt:

This book analyzes issues related to multinational corporations, their immense economic and political influence in a globalized world, and corporate social responsibility. It offers a unique discussion of corporate social responsibility in the emerging economies of Brazil, India, South Africa, China, Bangladesh, Chile, and the Philippines.

International Corporate Governance

International Corporate Governance
Author: Thomas Clarke
Publsiher: Taylor & Francis
Total Pages: 734
Release: 2017-04-28
ISBN: 1317610555
Category: Business & Economics
Language: EN, FR, DE, ES & NL

International Corporate Governance Book Excerpt:

Thomas Clarke's International Corporate Governance offers a comprehensive guide to corporate governance forms and institutions and examines the recurring crises in corporate governance and the resulting corporate governance reform around the world. While the popular structure of the original text has been retained, significant changes have been made to take account of the global financial crisis, ever-changing regulations and worldwide governance developments. Key topics include: The governance failures of international corporations such as Enron and Lehman Brothers Diversity in corporate and institutional forms across the world The role of international corporate governance standards Digital disruption in capital markets and proposals for rebuilding commitment to long-term investing The impact of financialization and corporate governance practices on increasing inequality The links between corporate governance, corporate social responsibility and sustainability This textbook contains a wealth of pedagogical material to guide the reader through this complex subject, including student questions to help with assessments, and a new companion website. There are also thirteen forensic case studies which scrutinize the governance failures seen at RBS, UBS, BP, Volkswagen and many other international corporations. International Corporate Governance will be an essential text for anybody studying corporate governance at the advanced undergraduate, master's or executive level.

Annual of German and European Law

Annual of German and European Law
Author: Russell A. Miller,Peer Zumbansen
Publsiher: Berghahn Books
Total Pages: 689
Release: 2004
ISBN: 9781571814142
Category: Law
Language: EN, FR, DE, ES & NL

Annual of German and European Law Book Excerpt:

Complementing the highly successful online German Law Journal, this new publication aims to deepen and develop some of the issues discussed in the Journal as well as to take up new questions and directions of commentary. Focusing on pressing legal questions of socio-political relevance, it offers scholarly articles, reports, book reviews and selected statutes or court decisions in English translation in all fields of German and European Law. The main objective is to offer border-transcending and interdisciplinary research into fast moving areas of the law, often involving a complex array of institutional, political, and private actors.

Enterprise Governance and Enterprise Engineering

Enterprise Governance and Enterprise Engineering
Author: Jan A. P. Hoogervorst
Publsiher: Springer Science & Business Media
Total Pages: 428
Release: 2009-02-19
ISBN: 3540926712
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Enterprise Governance and Enterprise Engineering Book Excerpt:

Achieving enterprise success necessitates addressing enterprises in ways that match the complexity and dynamics of the modern enterprise environment. However, since the majority of enterprise strategic initiatives appear to fail – among which those regarding information technology – the currently often practiced approaches to strategy development and implementation seem more an obstacle than an enabler for strategic enterprise success. Two themes underpin the fundamentally different views outlined in this book. First, the competence-based perspective on governance, whereby employees are viewed as the crucial core for effectively addressing the complex, dynamic and uncertain enterprise reality, as well as for successfully defining and operationalizing strategic choices. Second, enterprise engineering as the formal conceptual framework and methodology for arranging a unified and integrated enterprise design, which is a necessary condition for enterprise success. Jan Hoogervorst's presentation, which is based on both research and his professional background at Sogeti B.V., aims at professionals in management and consulting as well as students in management science and business information systems.

Climate Governance at the Crossroads

Climate Governance at the Crossroads
Author: Matthew J Hoffmann
Publsiher: Oxford University Press
Total Pages: 240
Release: 2011-03-16
ISBN: 9780199838332
Category: Science
Language: EN, FR, DE, ES & NL

Climate Governance at the Crossroads Book Excerpt:

The global response to climate change has reached a critical juncture. Since the 1992 signing of the United Nations Framework Convention on Climate Change, the nations of the world have attempted to address climate change through large-scale multilateral treaty-making. These efforts have been heroic, but disappointing. As evidence for the quickening pace of climate change mounts, the treaty-making process has sputtered, and many are now skeptical about the prospect of an effective global response. Yet global treaty-making is not the only way that climate change can be addressed or, indeed, is being addressed. In the last decade myriad initiatives have emerged across the globe independently from, or only loosely connected to, the "official" UN-sponsored negotiations and treaties. In the face of stalemate in the formal negotiations, the world is experimenting with alternate means of responding to climate change. Climate Governance at the Crossroads chronicles these innovations--how cities, provinces and states, citizen groups, and corporations around the globe are addressing the causes and symptoms of global warming. The center of gravity in the global response to climate change is shifting from the multilateral treaty-making process to the diverse activities found beyond the negotiating halls. These innovations are pushing the envelope of climate action and demonstrating what is possible, and they provide hope that the world will respond effectively to the climate crisis. In introducing climate governance "experiments" and examining the development and functioning of this new world of climate policy-making, this book provides an exciting new perspective on the politics of climate change and the means to understand and influence how the global response to climate change will unfold in the coming years.