The EIJS and the SCCJ Joint Seminar "Visions & Insights" 6 October 2016
"The way Japanese corporations are managed is changing: Can it make Japanese iconic corporations great again?" by Dr. Gerhard Fasol
2016-10-06 at 18:30
The Executive Management Board and the Supervisory Board are normally independent and composed of different people - except in Japan. In Japan traditionally Executive Management Board and the Supervisory Board are one and the same, ie the executives of traditional Japanese companies supervise themselves - no surprise that the CEO seldom fires himself!
To remedy this problem with the governance of Japanese corporations, Japan's Government, the Tokyo Stock Exchange, and the Financial Services Agency have been changing the rules to improve the supervision of Japanese companies.
It is obvious that this self-supervision has big disadvantages, and may be one of the major reasons for Japan's weak economic growth, and several recent corporate scandals. Companies in basically all other countries are managed by an Executive Management Board, which is supervised by a Supervisory Board, which approves or vetoes all major decisions of the company, and evaluates the performance of the Executive Managers, including the Chief Executive/CEO, and if necessary fires executives including the CEO, and selects and approves the new CEO.
Dr. Gerhard Fasol is one of a microscopic number of foreigners who is an independent Director on the Management and Supervisory Board, and also a Member of the Audit Board of a stock market listed Japanese corporation, and he will talk from several years of first-hand experience of how Japanese companies are supervised, which changes are on the way, and which further improvements are necessary to improve the management and supervision of Japanese corporations.
Date: Thursday October 6th, 2016
Time: 6.30 p.m. – 7.00 p.m. Drink & Snack
(served before lecture)
7.00 p.m. – 8.30 p.m. Lecture and Discussion
Place: Alfred Nobel Auditorium, Embassy of Sweden
10-3-400 Roppongi 1-chome, Minato-ku, Tokyo 106-0032
Fee: JPY3,000 per person (JPY4,000 for non members)
Free for students, please bring your student ID.
Visions & Insights is a seminar initiative by the EIJS in cooperation with the Swedish Chamber of Commerce and Industry in Japan (SCCJ.) In this initiative we will hold three seminars per year, covering topics on Japanese business, economy, politics and society.
Limited seats, registration is processed in first-come first-served basis.
Please sign up asap via e-mail to firstname.lastname@example.org for the attention of Ms. Sakamoto, EIJS Tokyo Office.