Corporate Japan is being encouraged to adopt western-style governance
Even though some Japanese executives probably wish it were, Japan's introduction of a more western-style system of corporate governance on April 1 was not an April Fool's joke. The government is banking on the new system - designed to make Japanese companies more attractive to foreign investors - to bolster the ailing Japanese economy. But resistance to change could hamper success and reduce potential benefits the system could bring to the Nippon economy.Over the past decade Japan has introduced
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