Changing Corporate Governance Practices in China and Japan: Adaptations of Anglo-American Practices (In China and Japan,Adaptations)

This book is a timely evaluation of rapidly globalizing governance mechanisms in China and Japan. The author looks at how corporate governance practices in these countries are adapting to Anglo-American practices, but argues that these adaptations are selective, and both countries continue to retain their own local corporate governance practices in some areas. Facing Rapid Globalization, It Became Evident That The Traditional Chinese Corporate Governance Mechanisms, Which Were Heavily Influenced By European And Japanese Counterparts, Had Become Obsolete. More Transparent Corporate Governance Mechanisms Must Be Adopted To Support China's Continuing Economic Growth. In Japan, To Public Criticism That Its Bank-based Corporate Governance Practices Were Responsible For The Prolonged Recession In The 1990s, The Japanese Government And Corporations Undertook Massive Reforms Of Corporate Governance Mechanisms. With Contributions From Well-known Academics From China, Japan And North America, This Book Discusses Issues Associated With The Transplantation Efforts And The Selective Adaptations That Have Taken Place In Corporate Governance Practices In China And Japan.--book Jacket. Foreword / Pitman B. Potter -- 1. Introduction / Masao Nakamura -- Pt. I. New Corporate Governance Practices: Institutional And Economic Considerations -- 2. The Two Models Of Corporate Governance And The Institutional Reform Of Chinese Enterprise / Peng Fei Yang -- 3. How To Prevent China's Listed Companies From Making Misstatements / Xiaorong Gu -- 4. Issues In The Protection Of Minority Shareholders' Rights And Interests Under China's Company Law / Shuliang Wang -- 5. An Economic Perspective On Recent Corporate Governance Developments In China With Comments On The Chapters By Yang, Gu And Wang / Andrew Yuen And Anming Zhang -- 6. The Grabbing Hand And Corporate Governance In China / Wei Chi And Yijiang Wang -- 7. Corporate Governance Practices In Post-bubble Japan: Adapting To The Globalizing Economies Of The Twenty-first Century / Masao Nakamura -- 8. Understanding The M&a Wave In Japan: What Drives Japanese M&as? / Yasuhiro Arikawa And Hideaki Miyajima -- Pt. Ii. Evolving Corporate Governance Practices: Selective Adaptations -- 9. The Strange Role Of Independent Directors In A Two-tier Board Structure In China's Listed Companies / Jiangyu Wang -- 10. Low Structure, High Ambiguity: Selective Adaptation Of International Norms Of Corporate Governance Mechanisms In China / S. H. Goo And Anne Carver -- 11. Selective Adaptation Of Anglo-american Corporate Governance Practices In Japan / Masao Nakamura. Edited By Masao Nakamura. Includes Bibliographical References And Index. Cover......Page 1 Contents......Page 6 List of Tables and Figures......Page 8 Acknowledgments......Page 10 Foreword......Page 11 Notes on the Contributors......Page 14 1 Introduction......Page 16 Part I: New Corporate Governance Practices: Institutional and Economic Considerations......Page 28 2 The Two Models of Corporate Governance and the Institutional Reform of Chinese Enterprise......Page 30 3 How to Prevent China’s Listed Companies from Making Misstatements......Page 44 4 Issues in the Protection of Minority Shareholders’ Rights and Interests under China’s Company Law......Page 67 5 An Economic Perspective on Recent Corporate Governance Developments in China with Comments on the Chapters by Yang, Gu and Wang......Page 78 6 The “Grabbing Hand” and Corporate Governance in China......Page 102 7 Corporate Governance Practices in Post-Bubble Japan: Adapting to the Globalizing Economies of the Twenty-First Century......Page 128 8 Understanding the M&A Wave in Japan: What Drives Japanese M&As?......Page 168 Part II: Evolving Corporate Governance Practices: Selective Adaptations......Page 198 9 The Strange Role of Independent Directors in a Two-Tier Board Structure in China’s Listed Companies......Page 200 10 Low Structure, High Ambiguity: Selective Adaptation of International Norms of Corporate Governance Mechanisms in China......Page 221 11 Selective Adaptation of Anglo-American Corporate Governance Practices in Japan......Page 250 B......Page 294 C......Page 295 E......Page 296 G......Page 297 I......Page 298 L......Page 299 M......Page 300 O......Page 301 R......Page 302 S......Page 303 T......Page 304 Z......Page 305 A timely evaluation of rapidly globalizing governance mechanisms in China and Japan. This book looks at how corporate governance practices in these countries are adapting to Anglo-American practices, but argues that these adaptations are selective, and both countries continue to retain their own local corporate governance practices in some areas.