Editorials Mar 16, 2015

A corporate governance cure-all?

New Tokyo Stock Exchange rules requiring all companies listed on its First and Second sections to have at least two independent outside directors on their board is in line with the Abe administration's push to beef up corporate governance as a way of luring ...

Business Aug 13, 2014

Life insurers to show criteria for voting as shareholders

Major life insurers will release by the end of this month guidelines detailing how they will try to reflect their opinions at shareholders' meetings for the companies in which they hold stakes, industry sources said Wednesday. The move is in line with recent guidelines set ...

Business Aug 6, 2014

Governance fix needed at GPIF before asset change, Shiozaki says

As the world's biggest pension manager moves closer to putting more money in risky assets, the ruling Liberal Democratic Party's deputy policy chief says the fund needs to change its governance first. Japan should submit a bill in the next Diet session to overhaul the ...

Editorials Jul 11, 2014

Outside directors alone won't help

More Japanese companies are appointing external directors to oversee their management after a number of scandals raised doubts about corporate governance in this country, but the question is whether "outside" directors are qualified and separate from insider interests.

Mizuho to heed frontline troops

Business / Corporate Jul 5, 2014

Mizuho to heed frontline troops

Mizuho Financial Group Inc.'s newly chairwoman says she wants to be receptive to the opinions of those running its frontline operations to boost the lender's oversight structure in the wake of last year's yakuza loan scandal. Hiroko Ota, who got the shareholders' nod to lead ...

Zombie firms pressured to act

Business / Financial Markets Jun 6, 2014

Zombie firms pressured to act

by Atsushi Kodera

The government is targeting stagnant companies that lack the will to grow and has drafted a plan to help institutional investors pressure them into pursuing growth more aggressively. The Financial Services Agency's Principles for Responsible Investors, better known as the Japanese version of Britain's Stewardship ...