Traditional Practices of Corporate Governance in Japan

Dipak Basu and Victoria Miroshnik

Chapter 2 in Corporate Governance System of Japanese Multinational Companies:A Quantitative Evaluation, 2019, pp 3-5 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The corporate governance of Japanese companies is often described as “Contingent Governance” or “Emergency Governance”. This implies that the management are quite free in their day-to-day operations, but in a crisis situation, the main banks take over the management. This structure is supported by three major features (Yasui, 1999). These are as follows:homogeneous and hierarchical Board of Directors;silent shareholders;monitoring by banks.

Keywords: Corporate Governance; Japanese Companies; Organizational Efficiency; Quantitative Method to Analyze Corporate Governance (search for similar items in EconPapers)
JEL-codes: C44 F23 G34 O47 (search for similar items in EconPapers)
Date: 2019
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