Japan’s three largest banks have been hit with shareholder resolutions calling on them to issue and disclose a transition plan to align their lending and investments with the Paris Agreement. Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group have all received climate proposals in the past, but this is believed to…
Tag: japan
Japan’s Foreign-Investor Screening Risks Undoing Years of Reform – WSJ
The Japanese government’s proposals to tighten screening of foreign investors may keep the country a little safer—at the cost of undoing several years of hard work in improving the investment climate. If proposals published by the Ministry of Finance this week take effect, foreign shareholders would have to inform regulators when their stake in certain…
Japan: One Step Forward on Corporate Governance But More Steps Ahead
The introduction of both a Stewardship Code in 2014 and a Corporate Governance Code a year later in Japan has pushed investors to focus more on the governance standards of the companies they’re invested in and forced companies to make changes – particularly when it comes to appointing independent directors to the board. But accusations…
Govt compiles guidelines for ESG investments – The Japan News
The government will soon release new guidelines it has compiled to attract ESG (environmental, social and governance) investments from overseas.In ESG investments, investors choose companies based on factors such as the company tackling or having a good record on environmental and social issues, such as efforts to cut carbon dioxide emissions, and corporate governance.The guidelines,…
Change Brewing in the Boardroom: A Proxy Adviser Assesses Corporate Governance in Japan | Nippon.com
In an interview, Ishida Takeyuki Executive director at Institutional Shareholder Services in Japan, talks about shifts in the post-kieretsu era. I think Japanese ideas about corporate governance have changed in the past few years. Until pretty recently, people spoke of corporate governance in a manner more or less synonymous with “compliance.” Now there’s a lot…
Japanese Prime Minister Promises Corporate Governance Progress
Japanese Prime Minister Shinzo Abe pledged to push for further improvements in corporate governance. In a speech on September 29, 2015, he made a commitment to new targets for expanding the economy by 20 percent and making governance changes a top priority, including more transparent selection of CEOs and board members and unwinding the traditional…
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