An Issue of Corporate Governance in Japan: For Whom Companies Exist?
Certainly there are problems in the present situation of corporate governance in Japan. A change in corporate governance in Japan will be inevitable. It must become more transparent. However, it will not be the American type of corporate governance that companies in Japan should aim for, be¬cause Japanese society has a tradition of "productivism" and the American style of corporate govern¬ance has serious defects. Mainly based on the arguments of two representative researchers in Japan (Professor Itami and Professor Iwai), the problems that the American style of corporate governance involves are clarified. The paper concludes that the Japanese style of corporate governance will grad¬ually change in the future, but its basic features will remain the same. (original abstract)
- Abegglen J.C. (2004), Shin Nihon no Keiei [21" Century Japanese Management'], Tokyo: Nihonkeizai Shimbunsha.(in J).
- Berle A. A., Means G.C. (1932), Modern Corporation and Private Property, Macmillan; Its Japanese version translated by Tadao Kitajima, published by Bungado Ginkohkenkyusha in 1958.
- Dore R. (2001), Nihongata Shihonshtigi to Shijoshugi no Shototsu: Nichi-Doku tai Anguro-Sakuson [Encounter of Japanese Type Capitalism with Marketism: Japan-Germany v.?. Anglo-Saxon; The Japanese Version of his book Stock Market Capitalism: Welfare Capitalism], Tokyo: Toyo Keizai Shimposha.
- Itami H. (1987), Jinponshugi Kigyo [Human-capitalism], Tokyo: Chikuma Shobo.
- Itami H. (1990), Porando karano Tegami: 1989 [Letters from Poland: 1989], Tokyo: Chikuma Shobo.
- Itami H. (2000), Nihongata Koporeto Gahanansu: Jugyoin Shuken Kigyo no Ronri to Kaikaku [Japanese Corporate Governance: Logic and Reforms of Enterprises with Employees Sovereignty], Tokyo: Nihon Keizai Shimbunsha (in J).
- Itami H., Itami Y. (2002), Ushinawarenakatta 10 Nen [A Decade Unlost], Tokyo: NTT Shuppan (in J).
- hvai K. (1999), Persons, Things, and Corporations: The Corporate Personality Controversy and Comparative Governance, The American Journal of Comparative Law, Vol. 47, No. 4, Fall 1999.
- Iwai K. (2003), Kaisha ha Korekara Dohnarunoka? [What Will Become Companies Hereafter?], Tokyo: Heibonsha (in J).
- Iwai K. (2005), Kaisha ha Dare no Monoka? [To Whom Companies Belong?] Tokyo: Heibonsha (in J).
- Kakurai Y. (2005), Kigyo toha Nanika? [What are Enterprises?], Tokyo: Gakushunotomosha (in J).
- Okumura H. (1984), Hohjin Shihonshugi: "Kaish Hon'i no Taikei" [Corporate Capitalism: System of 'Company Stardard'], Tokyo: Ochanomizu Shobo (in J).
- Takahashi N. (2004a), Kyomo no Seikashugi: Nihongata Nenkohsei Fkkatsu no Sttsume [False System based on Results: Recommendation of Revival of Japanese Type of Seniority System], Tokyo: Nikkei BP Sha (in J).
- Takahashi N. (2004b), Nihongata Nenkohsei wo Ikase, Nikkei Shimbun, June 9, 2004 (in J).
- Uemura T. (2007), Opinion on for a provisional injunction against the resolution of Bulldog Sauce Company's shareholders' meeting (in J).
- http://www.21coe-win-cls.org/070626uemuraikensho_bulldog.pdf (accessed on March 20, 2009).
- Yamada T. (2004), Japanese Corporate Governance under the Revision of Corporation Law, and Financial Law Reform in Japan, Hosei Riron, Law and Political Science Association Niigata University, Vol. 37, No. 1.
- Wakasugi T. (1999), Professor Wakasugi's Papers related to Corporate Governance (in J), http:// home.att.ne.jp/green/mlc/tw/cg99.hlml (accessed on March 27, 2007). Yamada S. (2005), Tsumamigui Shin Kaishahoh [Concise Commentary of the New Company Law], Tokyo: Seishun Shuppann (in J).