First ACGA Investor Delegation to Japan
Over March 9-11, 2009, ACGA led its first delegation to Japan. Our presentation, "Corporate Governance in Japan: Issues for Long-Term Investors", was the basis for talks and presentations that we gave during the delegation. The issues and recommendations raised included:
1. Company Law
- Independent Directors
- Statutory Auditors
- Beneficial Owners
- Company with Committees System
- Preferential Rights for Long-term Shareholders
2. Capital Markets & Transparency
- Shareholder Meetings & Voting
- Disclosure of Investor Votes
- Third-Party Allotments ("Private Placements")
- Disclosure of Cross-Shareholdings
- Company- Investor Dialogue
- National Code of Best Practice