AN ISSUE OF CORPORATE GOVERNANCE IN JAPAN: FOR WHOM COMPANIES EXIST?

Yoji Koyama
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Yoji Koyama: Niigata University, Japan

Romanian Economic Business Review, 2010, vol. 5, issue 4, 99-113

Abstract: What is corporate governance? This concept has been interpreted in various ways. In the USA the corporate governance is to subordinate a company’s managers to the shareholders’ benefit. In contrast, the European type of corporate governance attaches importance to the social value of a company from the standpoint of stakeholders in the wide sense. In this paper I will examine desirable direction of the Japanese type of corporate governance. For that purpose, firstly, specific features and problems of the Japanese style management will be examined. Secondly, introducing opinions of two representative researchers in Japan, problems of the American type of corporate governance will be examined.

Date: 2010
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