Current Views of Japanese Corporate Governance
This chapter presents a review of the various studies and research that either directly address the governance of Japanese companies, or have strongly informed current interpretations of the ‘Japanese corporate governance system’. The review is structured around four main themes which are central to extant conceptualizations of corporate governance in Japan. These are the role of shareholders, the role of the main bank, the role of employees, and the role of senior management. For each of these themes, there are a variety of interpretations of their relevance and importance for the Japanese corporate governance system, and this review highlights these different, and sometimes contradictory interpretations.
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