What is the nature of corporate governance in Japan
Subject: Organizational Behavior | Topics: ,

Attitudes toward corporate governance in Japan are affected by the concepts of obligation, family, and consensus. In Japan, an obligation “may be to return a service for one rendered or it may derive from a more general relationship, for example, to one’s family or old alumni, or one’s company (or Ministry), or the country. This sense of particular obligation is common elsewhere but it feels stronger in Japan.” As part of a company family. Individuals are members of a unit that envelops their lives; families command the attention and allegiance of parties throughout corporations. Moreover, a keiretsu (a group of firms tied together by cross-shareholders) is more than an economic concept; it, too, is a family. Consensus, an important influence in Japanese corporate governance, calls for the expenditure of significant amounts of energy to win the hearts and minds of people whenever possible, as opposed to top executives issuing edicts. Consensus in highly valued, even when it results in a slow and cumbersome decision-making process.

Still another change in Japan’s governance system has occurred in the market for corporate control, which was nonexistent in past years. Japan experienced three recessions in the 1990s and is dealing with another early in the 21st century. As a whole, managers are unwilling to make the changes necessary to turn their companies around.

 What is the nature of corporate governance in Japan

Related Organizational Behavior Paper:

Popular Organizational Behavior Paper:

Report on Pran Food Company

Introduction: In this report, we have also created a new product of the Pran Food Company’s product line that is newly introduced into the market. For that product, we make a marketing plan including essential marketing strategies. 1.2 Objective of the study: Objective of the study of the repor.....

Report on Janata Bank Limited

1.1 Introduction of the Study The primary purpose of this report is to get an idea about the operations of Janata Bank Limited, a second-generation bank of the country and make an industry analysis on the banking sector of Bangladesh. Banks are profit – earning concern. The ‘word “Bank.....

Assignment on KFC in Bangladesh

Executive Summary In the global market increase the demand of hygienic food, KFC is trying to do some contribution in its industry. This report has seven chapters. First chapter is introduction. In this chapter we’ve discussed the objective of the study, methodology and limitation of the study......


Executive summary :Square Pharmaceuticals Ltd. was established as a partnership firm in 1958. In 1991 it was converted into a public limited company. Square Pharmaceuticals Limited is the largest pharmaceutical company in Bangladesh and it has been continuously in the 1st position among all natio.....

Report on Square Pharmaceuticals Ltd

Background Square Pharmaceuticals Ltd. (SPL), the pharmaceutical giant in the country, is a trusted name in the industry of manufacturing quality medicines for more than four decade. SQUARE today symbolizes a name – a state of mind. From the inception in 1958, it has today burgeoned into on.....