Jump to ContentJump to Main Navigation
Corporate Governance and Managerial Reform in Japan$
Users without a subscription are not able to see the full content.

D. Hugh Whittaker and Simon Deakin

Print publication date: 2009

Print ISBN-13: 9780199563630

Published to Oxford Scholarship Online: February 2010

DOI: 10.1093/acprof:oso/9780199563630.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 16 September 2019

Changes in Japan's Practice‐Dependent Stakeholder Model and Employee‐Centered Corporate Governance *

Changes in Japan's Practice‐Dependent Stakeholder Model and Employee‐Centered Corporate Governance *

Chapter:
(p.222) 8 Changes in Japan's Practice‐Dependent Stakeholder Model and Employee‐Centered Corporate Governance*
Source:
Corporate Governance and Managerial Reform in Japan
Author(s):

Takashi Araki

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199563630.003.0008

Japan's stakeholder model of corporate governance is upheld by customary practice rather than law. This chapter considers whether changes to practice will lead to fundamental institutional changes which, in turn, might transform the model. Focusing on employment and labor relations, it briefly characterizes the stakeholder model, then reviews recent developments in shareholder ownership and management structures, as well as changes in employment and labor‐management relations, both collective and individual. Finally, it evaluates the impact of changes in practices, legislative developments, and thinking in Japanese corporate society, and outlines some implications for corporate governance from the perspective of labor law. Araki concludes that Japanese society must look for a better balance between shareholder and employee value. Diversity in corporate governance will increase, and competition between the different governance models will take place, not for more profit for shareholders, but for a better balance between shareholder and employee interests.

Keywords:   Japan, corporate governance, employee relations, practice‐dependent stakeholder model, labor law

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .