Corporate Governance Challenges For Japanese Multinationals

Background: Japan's new Corporate Governance Code came into effect earlier this year. The Code is based on the OECS Principles of Corporate Governance and reflects elements of the UK Corporate Governance Code.

The Code aims to establish fundamental principles for effective corporate governance in companies listed on the Tokyo Stock Exchange. However the Code is voluntary and it remains to be seen what significant impact it will have on Japan's boardroom culture.

Next steps: how do you build, maintain and enforce global corporate governance arrangements in a Japanese multinational group?

Answer: don't panic – even though it will be a challenge on a number of different levels.