You won't find the phrase corporate governance in a
dictionary of essential business Japanese. The translation of
corporate governance is corporate governance. There is no
widely recognised Kanji phrase. As this might suggest,
corporate governance is a relatively recent imported concept,
and a concern for foreigners – particularly from the
US and UK – not the Japanese.
company law is stronger in providing for shareholder
rights than the US, on average"
Nicholas Benes, JTP Corporation
But corporate governance in Japan is actually healthier than
in many other developed jurisdictions. As Nicholas Benes,
president of boutique investment bank JTP Corporation, argues:
"Japanese company law is already pretty strong in providing for
shareholder rights; on average, it's stronger than in the US,
especially regarding say-on-pay and access-to-the-proxy."
Unlike the US, for example, where shareholders face an
expensive and uncertain battle should they wish to get their
nomination for a director...