Japan’s Corporate Governance Code

Why Culture Matters: On Governance Scandals and Corporate Malfeasance in Japan

As the initial proposer and a behind-the-scenes advisor on Japan’s Corporate Governance Code, I am naturally pleased with the progress that the country has made in the past two years. This is of course relative to the rather low bar that was set by the previous fifteen years in which we governance advocates made comparatively little progress, against enormous resistance from the industrial lobby.