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Corporate Governance in the 21st Century - Japan's Gradual Transformation (Hardcover)
Loot Price: R3,547
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Corporate Governance in the 21st Century - Japan's Gradual Transformation (Hardcover)
Series: Corporations, Globalisation and the Law series
Expected to ship within 12 - 17 working days
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The 'lost decade' of economic stagnation in Japan during the 1990s
has become a 'found decade' for regulatory and institutional
reform. Nowhere is this more evident than in corporate law. In
2005, for example, a spate of reforms to the Commercial Code
culminated in the new Company Act, a statute promising greater
organisational flexibility and shareholder empowerment for Japanese
corporations competing in a more globalised economy. But does this
new law herald a more 'Americanised' system of corporate
governance? Has Japan embraced shareholder primacy over its
traditional loyalty to other key stakeholders such as 'main banks',
core employees, and partners within diffuse corporate (keiretsu)
groups? This book argues that a more complex 'gradual
transformation' is unfolding in Japan - a process evident in many
other post-industrial economies. The book brings together
contributions from academics and practitioners from Japan,
Australia, New Zealand, Canada and the United States. It includes
chapters on comparative corporate governance theory and
methodology, lifelong employment, the main bank system, board
structures, and governance issues in small and medium-sized
enterprises. The procedural, substantive and FDI policy dimensions
of takeover law and practice are discussed, as well as empirical
changes to corporate governance practices in large, publicly listed
companies during the past twenty years. The authors' rich mix of
national, disciplinary and professional backgrounds allows for a
broad comparative perspective on developments in Japanese corporate
governance. The book will be of great interest to scholars and
students of law, business, political economy and Japanese studies,
and will also appeal to corporate lawyers and policymakers.
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