The Japan Federation of Economic Organizations (Keidanren) has established a special committee on corporate governance within the federation to review various systems surrounding the nation's corporate management.
Establishment of the special committee was proposed July 24 during the first day of Keidanren's summer forum in Shizuoka and was immediately approved by the participants. The new committee, headed by Tetsuya Katada, chairman of Komatsu Ltd. and head of the Keidanren committee on capital markets, will hold its first meeting either later this month or in early August.
Issues to be discussed include ways to strengthen the corporate auditing system, reform of general shareholders' meetings and improved disclosure of corporate information. The committee will consist of Keidanren Chairman Shoichiro Toyoda, along with vice chairmen and other executive members of Keidanren.