Foreign Investors in Japan and the Search for Consensus on Corporate Governance*

Transcription

1 What is corporate governance and why does it matter? Foreign investors black ships, tourists or fellow citizens? Is there really a philosophical gap? What in the Japanese system needs changing? How can foreign investors perform a useful role in reform? This is an approximate transcript of a lecture that was delivered and in Japanese, on November 25th Although Michael Connors was at that time a Senior Advisor to Hermes Focus Asset Management, the views expressed herein are those of Dr. Connors and do not necessarily refl ect the views or policies of that company.

2 Corporate governance is a system of supervision of corporate management that seeks to ensure that companies are managed in an efficient and fair manner for the benefit of society as a whole.

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6 Wall Street Magna Carta

7 Japan as No.1

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9 jigyō kigyō

10 kansayaku kansayaku

11 jinjiken

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14 kansayaku

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16 status quo

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