Companies Act Amendments to Enhance Corporate Governance
The Companies Act of Japan was amended on December 4, 2019 ("Amended Companies Act")
The changeover from the old "Heisei" to the new "Reiwa" era happened in Japan on 1 May 2019.
The Revisions will inevitably affect corporate governance of listed companies and will, therefore, impact not only listed companies but also their investors.
On February 14, 2018, the Companies Act (in relation to Corporate Governance, etc.) Sub-Committee of the Legislative Council prepared an Interim Proposal for the Amendment...
On August 2, 2017, the Tokyo Stock Exchange announced new amendments to the Guidelines for Corporate Governance Reports ("Amendments").
Japan appears to be addressing its long-standing corporate governance deficit.
Global Legal Update
Japan's new Corporate Governance Code came into effect earlier this year. The Code is based on the OECS Principles of Corporate Governance and reflects elements of the UK Corporate Governance Code.
The Toshiba scandal, which saw the electronics giant admit to years of profit inflation, indicates wider corporate governance troubles in Japan.
Shearman & Sterling LLP
On 12 December 2014, Japan’s Financial Services Agency released and solicited comments on an exposure draft of a new corporate governance code to be made applicable to listed companies in Japan.
In the past, Japan may not have enjoyed high scores in the area of corporate governance, but this may change soon.
Norton Rose Fulbright Canada LLP
A Japanese research firm suggests that there may be a record 14 shareholder proposals that will be made in the next few weeks.
Latham & Watkins
On May 1, 2006, a new type of Japanese legal entity named the Godo Kaisha (GK) was born. Although it is commonly referred to as the Japanese LLC a GK differs from a US LLC in several important respects.