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Economic Organizations and Corporate Governance in Japan$
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Curtis J. Milhaupt and Mark D. West

Print publication date: 2004

Print ISBN-13: 9780199272112

Published to Oxford Scholarship Online: August 2004

DOI: 10.1093/0199272115.001.0001

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Corporate Law and Governance: Shareholder Derivative Suits

Corporate Law and Governance: Shareholder Derivative Suits

Chapter:
(p.9) 2 Corporate Law and Governance: Shareholder Derivative Suits
Source:
Economic Organizations and Corporate Governance in Japan
Author(s):

Curtis J. Milhaupt (Contributor Webpage)

Mark D. West (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/0199272115.003.0002

Presents a paradigmatic case of law's role in facilitating change in the Japanese economy: shareholder derivative suits. After discussing the structure of corporate governance in Japan, the authors show how a seemingly technical and innocuous legal change in 1993 led to large‐scale changes in the scope and mechanics of shareholder monitoring in that country.

Keywords:   corporate governance, Japan, shareholder derivative suits

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