F&C tackles 'poor' Japanese corporate governance

A long term critic of the Japanese boardroom, F&C recently co-authored the Japan White Paper, aimed at tackling a corporate culture which is failing its shareholders. Written with Hermes Fund Managers and published by the Asian Corporate Governance Association, F&C says sound corporate governance is vital to ensure the longer-term growth of the Japanese economy and its capital markets. F&C pinpointed three main Japanese governance concerns: Lack of adequate corporate strategy supervision Insulation of management from the discipline of the market Failure to provide the returns necess...