Popular perceptions of Japanese corporate governance often focus on a lack of board independence with few outside directors, insufficient disclosure, and the prevalence of cross-shareholdings.
Public corporations should have a mix of independent and non-independent directors, and directors should be held to a duty to the corporation as a whole.
A UK corporation may accept a deferred prosecution agreement leaving a Court in a difficult position of striking out the freedom to contract on intuition rather than evidence.
The differences between corporate and securities law reveals the nature of both corporate law and governed firms in China, with mandatory corporate governance necessary for investor protection.
Financial markets would be better served by greater regulatory uncertainty, so that market participants would be less able to calculate the expected benefits and costs of complying.
Many people in the United States are asking core questions about what corporations are, to whom they owe obligations, and how best to conceptualise them and their regulation.