Major trends in Japanese corporate governance following the 2015 corporate governance reforms

著者等: 铃木明美

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出版社: 长岛・大野・常松律师事务所

书籍名或刊登 杂志: NO&T Japan Legal Update 第7号（2016年11月）

语言: 英文

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请注意，本简报的目的是提供信息，并非提供法律建议。另外，本简报仅包括根据发行日(制作日)时点的信息，不包括该时点之后的信息。特别是速报可能会与现状的解释或惯例不同，敬请留意。

I. Introduction
In our May 2015 issue of this newsletter, we discussed two significant reforms to the corporate governance regime of Japanese listed companies that were being implemented. They are:

(i) effective on May 1, 2015, the amended Companies Act introduced a new governance structure and additional requirements relating to outside directors; and
(ii) starting June 1, 2015, the Japanese Corporate Governance Code (the ‘Code’) was adopted by the Tokyo Stock Exchange (the ‘TSE’).

These reforms, particularly the Code, have had a major impact on the practice of corporate governance by Japanese listed companies. This article summarizes some of the major developments of the last 18 months in response to the 2015 reforms and touches upon the future direction of Japanese corporate governance.

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