Hints and tips:
...Nicholas Benes, a corporate governance expert, said the process SoftBank underwent meant “technically” there was no conflict of interest issue. “But there is an ‘optics’ problem,” he added....
...“For decades Meti was looking for things to do to protect its power base,” says Benes, “long after Japan ceased to be a manufacturing economy”....
...There is supposed to be a strict Chinese Wall in place between the primary origination desk, the secondary sales desk, and the trading desk,” said Nick Benes, chief executive of the Board Director Training...
...It has ratcheted up significantly the expectation of shareholders and government and the public about doing things the right way,” says Benes....
...Tipped the other, says Benes, and the market may find itself forever trapped in the archaic, opaque and shareholder-unfriendly norms of “old Japan”....
...“As recently as 2010, when I would talk about ESG in Japan few people here even understood what I was referring to,” Mr Benes recalls....
...What is needed most, is fiduciary duty for the executive officers who are not directors,” Mr Benes said....
...Now that Panasonic will be signing, I expect an avalanche of signings over the next two years,” said Mr Benes....
...Mr Benes says many companies appear to have relented on quality rather than find ways to lower costs or abandon non-profitable products....
...Nicholas Benes, one of the authors of Japan’s governance code, says: “So far, this scandal seems to reflect aspects that are common to the governance-related mis-steps made by many other Japanese companies...
...Nicholas Benes, head of the Board Director Training Institute of Japan and one of the architects of Japan’s 2015 corporate governance code that sought to make the country’s companies more investor friendly...
...Companies will be expected to satisfy the spirit of the code, Mr Benes adds....
...Nicholas Benes, one of the architects of Japan’s corporate governance code and head of the Board Director Training Institute of Japan said: “In order for the stewardship code to function as it was intended...
...Nicholas Benes, a corporate governance expert and head of the Board Director Training Institute of Japan said: “The Sagami deal may be small, but it touches on a lot of the issues raised by the Corporate...
...That has now penetrated the general public and the buzz in society is creating expectations that CEOs can really feel,” says Nicholas Benes, a corporate governance expert and head of The Board Director Training...
...Nicholas Benes, a Tokyo-based expert on the issue, said that mention of Japan’s corporate governance code, which came into force in June 2015, was “conspicuously absent” from any of the GPIF’s investment...
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