Corporate Governance Reforms in Japan: Instilling the New Regime

This paper analyzes recent transformations in Japanese corporate governance within the context of the 2002 reform of the Japanese Commercial Code and the ensuing legislations. It is widely recognized that ongoing changes in Japanese corporate governance are aimed at incorporating key principles of A...

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Autor principal:	Kostiantyn Ovsiannikov
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2017
Materias:	corporate governance institutions japan regime of veridiction foucault Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/8d00b062aea84544a347dbde01f1f562
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spelling	oai:doaj.org-article:8d00b062aea84544a347dbde01f1f5622021-12-02T14:35:46ZCorporate Governance Reforms in Japan: Instilling the New Regime2331-197510.1080/23311975.2017.1300993https://doaj.org/article/8d00b062aea84544a347dbde01f1f5622017-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2017.1300993https://doaj.org/toc/2331-1975This paper analyzes recent transformations in Japanese corporate governance within the context of the 2002 reform of the Japanese Commercial Code and the ensuing legislations. It is widely recognized that ongoing changes in Japanese corporate governance are aimed at incorporating key principles of Anglo-Saxon corporate law. However, this alone does not explain why, under the minimal role of market for corporate control and with predominantly insider-oriented boards, directors of Japanese stock-listed enterprises have become increasingly sensitive to indices reflecting their companies’ share value. The paper argues that this shift is caused by the newly emerging regime of veridiction. The latter, as the study indicates, is the normative discourse constituted on the basis of Japanese corporate governance enactments over the last two decades.Kostiantyn OvsiannikovTaylor & Francis Grouparticlecorporate governanceinstitutionsjapanregime of veridictionfoucaultBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 4, Iss 1 (2017)
institution	DOAJ
collection	DOAJ
language	EN
topic	corporate governance institutions japan regime of veridiction foucault Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	corporate governance institutions japan regime of veridiction foucault Business HF5001-6182 Management. Industrial management HD28-70 Kostiantyn Ovsiannikov Corporate Governance Reforms in Japan: Instilling the New Regime
description	This paper analyzes recent transformations in Japanese corporate governance within the context of the 2002 reform of the Japanese Commercial Code and the ensuing legislations. It is widely recognized that ongoing changes in Japanese corporate governance are aimed at incorporating key principles of Anglo-Saxon corporate law. However, this alone does not explain why, under the minimal role of market for corporate control and with predominantly insider-oriented boards, directors of Japanese stock-listed enterprises have become increasingly sensitive to indices reflecting their companies’ share value. The paper argues that this shift is caused by the newly emerging regime of veridiction. The latter, as the study indicates, is the normative discourse constituted on the basis of Japanese corporate governance enactments over the last two decades.
format	article
author	Kostiantyn Ovsiannikov
author_facet	Kostiantyn Ovsiannikov
author_sort	Kostiantyn Ovsiannikov
title	Corporate Governance Reforms in Japan: Instilling the New Regime
title_short	Corporate Governance Reforms in Japan: Instilling the New Regime
title_full	Corporate Governance Reforms in Japan: Instilling the New Regime
title_fullStr	Corporate Governance Reforms in Japan: Instilling the New Regime
title_full_unstemmed	Corporate Governance Reforms in Japan: Instilling the New Regime
title_sort	corporate governance reforms in japan: instilling the new regime
publisher	Taylor & Francis Group
publishDate	2017
url	https://doaj.org/article/8d00b062aea84544a347dbde01f1f562
work_keys_str_mv	AT kostiantynovsiannikov corporategovernancereformsinjapaninstillingthenewregime
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Corporate Governance Reforms in Japan: Instilling the New Regime

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