EIJS Tokyo Academy Seminar, 26 February 2014
"Challenges for Japanese Corporate Governance in the Age of Globalization" by Professor Bruce Aronson, Graduate School of International Corporate Strategy
2014-02-26 at 18:30
Professor Aronson is a professor of law at Hitotsubashi University’s Graduate School of International Corporate Strategy. He received his undergraduate degree from Boston University and his J.D. from Harvard Law School in 1977. Professor Aronson was a corporate partner at the law firm of Hughes Hubbard & Reed LLP in New York (1989-2000) and a professor of law at Creighton University (2004-2013). He has also engaged in research and teaching at a number of U.S. law schools including Columbia (2002-2004), Michigan (2004), Boston University, and Georgetown. His experience in Japan includes research as a Senior Fulbright Research Scholar at the University of Tokyo (2000-2002) and at Waseda University (2011-2013), the first holder of the Chair on International Capital Markets Law at the University of Tokyo (2004), and a Visiting Scholar at the Bank of Japan (2010). His main area of research is comparative corporate governance with a focus on Japan. He also acts as an advisor to the law firm of Nagashima Ohno & Tsunematsu.
Globalization of financial markets has led to increasingly stronger calls from global institutional investors for Japanese companies to expand the use of independent directors and strengthen the board’s monitoring function. At the same time, the growth and internationalization of the business operations of Japanese companies is testing the limits of the traditional Japanese management and governance structure. How can Japanese companies adapt their corporate governance system to these demands? Professor Aronson will discuss the responses of Japanese companies to these challenges, and will highlight ongoing experimentation at a number of leading Japanese companies to develop a “mixed” or “hybrid” system that seeks to incorporate more effective monitoring of management into the traditional Japanese corporate structure.
Date: Wednesday, February 26, 2014
Time: 6.30 p.m. – 7.00 p.m. Drink & Snack (served before lecture)
7.00 p.m. – 9.00 p.m. Lecture and Discussion
Place: Alfred Nobel Auditorium, Embassy of Sweden
10-3-400 Roppongi 1-chome, Minato-ku, Tokyo 106-0032
Five-minute walk from Tokyo Metro Nanboku Line Roppongi 1-chome Station
Five-minute walk from Tokyo Metro Hibiya Line Kamiya-cho Station