Investors call for improved governance in Japan
14th May 2008
A group of leading pension funds and asset managers with interests in Japan have produced the first collaborative policy document of its kind, the Japan White Paper.
A significant number of Japan's foreign shareholdings are accounted for within around $5 trillion worth of combined assets under management.
Japan's current model of corporate governance was devised when investment capital was scarce during the 50s and 60s, F&C, one of the companies involved in the paper, said.
Today the model is less appropriate and the investments and savings leaders have called for a more open corporate capitalism model.
The white paper makes six key suggestions including fairness and transparency in shareholder voting and efficient use of capital.
F&C's associate director of governance and sustainable investment Anna Krutikov said: "We believe these are the most pressing issues which relate to corporate governance in Japan today because they have an impact on the companies we invest in."
In related news, Pacific Assets Trust has revealed that the current high international price of rice is a "temporary anomaly" with "misinterpreted" origins.
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Investments
14th May 2008
A group of leading pension funds and asset managers with interests in Japan have produced the first collaborative policy document of its kind, the Japan White Paper.
A significant number of Japan's foreign shareholdings are accounted for within around $5 trillion worth of combined assets under management.
Japan's current model of corporate governance was devised when investment capital was scarce during the 50s and 60s, F&C, one of the companies involved in the paper, said.
Today the model is less appropriate and the investments and savings leaders have called for a more open corporate capitalism model.
The white paper makes six key suggestions including fairness and transparency in shareholder voting and efficient use of capital.
F&C's associate director of governance and sustainable investment Anna Krutikov said: "We believe these are the most pressing issues which relate to corporate governance in Japan today because they have an impact on the companies we invest in."
In related news, Pacific Assets Trust has revealed that the current high international price of rice is a "temporary anomaly" with "misinterpreted" origins.
<< Back to News