일본 코포리트 거버넌스(corporate governance)의 실태에 관한 고찰

Abstract

A Study on the Corporate Governance of Japanese Company Shin, Jang-Churl*The top managers of post-war Japanese companies have usually been free from responsibility for business failure thanks to mutual stock retaining among affiliated companies and the separation of ownership and management. However, recent amendments to the Commercial Code and business reform enhance and strengthen the corporate governance of Japanese companies. Specially, new changes in corporate governance structure of Japanese companies including a set of amendments to the Commercial Code and the Audit Special Exceptions Law provide stockholders to strengthen their rights largely. Nonetheless, it seems that monitoring from insiders including boards of directors and auditors or from outsiders such as acquisition is not active.