This seminar is available to watch at:
https://www.rieti.go.jp/en/events/21031601/handout.htmlĀ (English)
https://www.rieti.go.jp/jp/events/21031601/handout.htmlĀ (Japanese)
Ā
A Webinar Series on:Ā
āA New Concept of the Corporationā
Part 1 of this series was heldĀ on:
Tuesday, 16 March 2021
17:00Ā ā 18:00 JST | 09:00 ā 10:00 CET
Organiser
Hideaki Miyajima (Waseda University and RIETI)
ABOUT THIS EVENT
The Purpose of the Corporation and Its Implication for Law and Business in JapanĀ
Over the last few years, and particularly since the onset of COVID-19, the purpose of the corporation has been the subject of active debate.Ā Ā In place of shareholder value maximization, new definitions of corporate purpose have been proposed, and their implications for law, regulation, ownership, governance, measurement and performance of business have been much discussed.Ā Ā
On the occasion of the publication of the Japanese translation of Colin Mayerās book āProsperity: Better Business Makes the Greater Goodā in March 2021, RIETI, WBF and ECGI came together to organiseĀ a webinar series on the new concept of the corporation, the EU/UK experience and its lessons for Japanese corporate governance reforms.
The audience wasĀ a mixture of academics, policy makers (METI/RIETI), market participants and business executives/ IR practitioners.
Ā
Language
English/Japanese (simultaneous interpretation)
Ā
Future Episodes in thisĀ Series:
Part 2: The Redesign of Company Law, and The Duties of Directors
- New concept of the corporation
- MultiĀ vs single purpose debatesĀ
- European/UK experience on the purpose of firms
- UKĀ CG code revision in 2018, motivation and consequences
- Implication of the new concept of corporation for Japan:
- the design of corporate law and interpretation of the duties of care of directors
- reconsidering the conventional stakeholder model in Japan
Part 3: Ownership of the New Corporation: The Role of Activist Fundsć
- Parallel ownership of long-term shareholders and portfolio investors
- Different forms of ownership around the world
- Who are the candidates for long-term owners in Japan?
- EU (EY) report on short-termism
- Experience of UK and EU of activismĀ
- Possible role of activist funds in Japan
Part 4: The Role of Institutional InvestorsĀ Ā Ā
- The parallel ownership of long-term shareholders and portfolio investors.
- The EU/UK experience of institutional investors, the role of activist funds
- Regulation of ownership /collective actions
- Implications for Japan:
- Who are the candidates for long-term ownership in Japan?
- Regulation of collective actions.
Part 5:Ā The Purpose of the Corporation and How to Realize its Purpose
- The concept of purpose
- How to realize the purpose of firms
- EU/UK experience on the new purpose of corporations
- The Future of the Corporation project of the British Academy
- Implication of EU/UK experience for JapanĀ
- Current status of Japanese corporations
------
About REITI
The Research Institute of Economy, Trade and Industry (RIETI) is a policy think tank established in 2001. Its mission is to conduct theoretical and empirical research, maximize synergies with those engaged in policymaking, and to make policy proposals based on evidence derived from such research activities.Ā
About WBF
The Waseda University Institute for Business and Finance offers various education activities and programs designed for cultivating management professionals who can lead the next generation, together with Waseda Business School, a leading business school in Japan and Asia accredited by both AACSB and EQUIS.
About ECGI
The European Corporate Governance Institute (ECGI) is global research network and international scientific non-profit association providing a forum for debate and dialogue between academics, legislators and practitioners, focusing on major corporate governance and stewardship issues.Ā
Ā
Supported by