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Corporate governance in Japan, long a concept to which many companies have paid little more than lip service, is poised to undergo a radical transformation. The third phase of Prime Minister Shinzo Abe's multipronged approach to firing up the country's long-stagnant economy emphasizes greater accountability by executives and heightened transparency of financial operations, all with an eye toward enticing greater foreign investment. "Japan's Corporate Governance Code: Seeking Sustainable Corporate Growth and Increased Corporate Value Over the Mid- to Long Term," which establishes new standards for Japanese companies, will be implemented later this year. A draft was issued in December for public comment, and the final version will be applicable to all companies listed on the Tokyo Stock Exchange.
机译:日本的公司治理,长期以来一直是许多公司仅支付口头服务所付不清的一个概念,现在正准备进行根本性的转变。日本首相安倍晋三(Shinzo Abe)采取多管齐下的措施来解雇长期停滞不前的经济,这强调了高管层的问责制和金融业务透明度的提高,所有这些都是为了吸引更多的外国投资。为日本公司建立新标准的“日本公司治理守则:寻求中长期的可持续公司增长和公司价值增长”将于今年晚些时候实施。草案于12月发布以征询公众意见,最终版本将适用于在东京证券交易所上市的所有公司。

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