Council of Experts on CG and Stewardship Codes

On December 17, 2015, ACGA wrote to the Financial Services Agency (FSA) of Japan to comment on issues to be discussed at meetings of its Council of Experts Concerning the Follow-up to the Japan Stewardship and Corporate Governance Codes. The FSA recently formed the Council to review progress in the implementation of the two Codes. Our letter contains nine sections and covers issues such as avoiding boilerplate disclosure; the strategic role of the board; board evaluation; and cross-shareholdings.