The Battle for Corporate Control in Japan & Independent Directors. Dept Business Law & Taxation Staff Seminars Presenter: Matt Nichol. Will the introduction of independent directors have a significant impact on Japanese corporate governance?.
Dept Business Law & Taxation
Presenter: Matt Nichol
introduction of outsider control & independent monitoring and the ‘insider’ Japanese firm
An outside director is a director who is not presently and never has previously been an executive director, an officer or an employee of the company or a subsidiary of the company.
For the protection of general investors an issuer of listed domestic stocks must secure at least oneindependent director or auditor (outside director or auditor under Company Law) who is unlikely to have conflicts of interest with general investors.
Independent director/auditor must not be a person who: