Corporate Governance and Managerial Reform in Japan is popular PDF and ePub book, written by D. Hugh Whittaker in 2009-10-29, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Corporate Governance and Managerial Reform in Japan can be Read Online from any device for your convenience.
Corporate Governance and Managerial Reform in Japan Book PDF Summary
Japanese corporate governance and managerial practice is at a critical juncture. At the start of the decade pressures mounted for Japan to move to a shareholder-value driven, 'Anglo-American' system of corporate governance. Subsequent changes, however, may be seen as an adjustment and renewal of the post-war model of the Japanese firm. In adapting to global corporate governance standards, Japanese managers have also been reshaping them according to their own agenda of reform and restructuring of decision-making processes. The board's role is seen in terms of strategic planning rather than monitoring, and external directors are viewed as advisers, not as representatives of the shareholders. Managers have adopted a variety of defences against hostile takeovers, including poison pills in some cases. Although shareholder influence is more extensive than it was, central aspects of the Japanese 'community firm' remain in place. The commitment to stable or 'lifetime' employment for a core of employees, although coming under severe pressure, is still an important point of reference for Japanese management. Corporate Governance and Managerial Reform in Japan is based on detailed and intensive field work in large Japanese companies and interviews with investors, civil servants, and policy makers in the period following the adoption of significant corporate law reforms in the early 2000s up to the months just before the global financial crisis of 2008. The Japanese experience suggests that there are limits to the global convergence of company law systems, and that the widespread association of Anglo-American practices with the 'modernization' of corporate governance has been misplaced. This conclusion is unlikely to be altered - it may be reinforced - by reactions to the financial crisis.
Detail Book of Corporate Governance and Managerial Reform in Japan PDF
- Author : D. Hugh Whittaker
- Release : 29 October 2009
- Publisher : OUP Oxford
- ISBN : 9780191609824
- Genre : Business & Economics
- Total Page : 316 pages
- Language : English
- PDF File Size : 8,6 Mb
If you're still pondering over how to secure a PDF or EPUB version of the book Corporate Governance and Managerial Reform in Japan by D. Hugh Whittaker, don't worry! All you have to do is click the 'Get Book' buttons below to kick off your Download or Read Online journey. Just a friendly reminder: we don't upload or host the files ourselves.