This event is part of the Governance around the world series of events. This series aims to equip investors and multi-national organizations with an understanding of national approaches to governance and prevailing imperatives.
In this webinar, the institutional characteristics of corporate governance in Japan were compared with other countries and the progress of the Japanese corporate governance reform since 2013 was highlighted. In particular, the changes that have occurred in Japanese companies and capital markets, as a result of recent reforms in corporate governance, were discussed, together with how these changes have been perceived in Japanese society.
In recent years, the corporate governance code and the market segmentation of the Tokyo Stock Exchange have been revised with the aim of strengthening corporate governance. The outlook for how these developments will bring progress were also discussed.
Finally, the actual state of corporate governance in Japan was reviewed considering Japanese company corporate disclosures.
Sumika is a Senior Manager with KPMG Japan’s Sustainable Value Office, where she has engaged in many research projects and the development of thought leadership pieces regarding corporate reporting and corporate governance for over ten years. She has also advised Japanese companies on their integrated reporting.
Sumika has been seconded to Asian Corporate Governance Association on a part-time basis since 2018.
Mr. Genta Ando joined Ministry of Economy, Trade and Industry (METI) in 2004 after graduating from the Graduate School of Engineering at the University of Tokyo.
In July 2020 he was appointed as Director of the Corporate System Division and in this role has led corporate governance reformations including revision of practical guidelines, and the amendment of legislation to enable virtual-only shareholder meeting. He also promotes tax reform to enable stock-for-stock acquisition.
Before the appointment of his current position, he led policy developments on the corporate governance and Mergers and Acquisitions, as well as the electricity system reform to liberalize Japan’s electricity market.
Genta is a graduate of Columbia University (SIPA, 2012).
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