Contents:
The author was granted extensive access to these Japanese companies, as well as to their partner companies, their shareholders, and their banks, and is therefore Oxford University Press Bolero Ozon. This book explores current thinking on corporate governance by way of a detailed study of the governance practices of fourteen Japanese companies.
The author was granted extensive access to these Japanese companies, as well as to their partner companies, their shareholders, and their banks, and is therefore able to provide a detailed insight into the way that Japanese companies are actually governed on a day-to-day basis. The book suggests that current mainstream conceptualizations of corporate governance are inadequate, as they do not help to understand the way that these Japanese companies are directed and controlled in practice.
In the majority of cases, governance operates through a system which draws on the reciprocal obligations, responsibilities, and trust generated in everyday interactions at the individual and organizational level. The conclusions of the research have important implications not only for our understanding of the Japanese system of corporate governance, but also for international corporate governance policy and research in general. This relationship has come under increasing pressure since the bubble crisis, when many banks were exposed as riven with poor or uncommercial decision-making cultures.
There has been some trend toward the substitution of capital market for bank finance, and again some encroachment by foreign banks, with expectations of a more robust role in corporate governance. Learmount's interviews, however, again reveal that change is slow, that long-term relationship banking still plays an important role, and that service provision is considered as important as finance provision.
The author sees the Japanese system as an internalized network of control in which the shareholder has an informal, marginal, or even ceremonial role. The name field is required. The conclusions of the research have important implications not only for our understanding of the Japanese system of corporate governance, but also for international corporate governance policy and research in general. Create lists, bibliographies and reviews: Please create a new list with a new name; move some items to a new or existing list; or delete some items.
Having said this, the author is keen to show that the banks remain, as before, very much junior partners in terms of control, and operate on limited information provided by enterprises. This general theme—that change in the balance of power in corporate governance in Japan has been challenged, but has remained essentially unchanged—continues through the chapters on employment policy and management. Much has been made of the fact that employment conditions—for example, lifetime guarantees—must change in a post-bubble Japan, but there is little sign that this change is fundamentally the case, certainly in the larger firms.
The author notes that influence and decision making involving the workers through various representative structures remains a feature, though this is one of the less critical sections of the book and the If you would like to authenticate using a different subscribed institution that supports Shibboleth authentication or have your own login and password to Project MUSE, click 'Authenticate'.
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Built on the Johns Hopkins University Campus. Toshiba had long been deemed an excellent performer in terms of corporate governance, having actively introduced an in-house systems for checking its management — until its massive profit-padding scandal surfaced in The company had four outside directors on its board — with their number increased to seven to account for a majority of the member board after the scandal came to light. The profit-padding practices at Toshiba were overlooked for years as its in-house audit committee, put in place as part of the governance reforms and led by its vice president in charge of finance affairs, failed to function properly.
Oftentimes, whether a corporate governance mechanism is properly functioning in a company is only known when some problems are exposed at the firm. It seems evident that corporate governance reforms at Toshiba lacked substance. Japan Post Holdings Co. Last month, Fujifilm Holdings Corp.
This book explores current thinking on corporate governance by way of an empirical examination of the governance practices of fourteen Japanese companies. This book explores current thinking on corporate governance by way of a detailed study of the governance practices of fourteen Japanese companies.