Japanese Model
Japanese Model
CORPORATE
GOVERNANCE
INTRODUCTION
MEANING
DEFINITION
.
[ wolfensonhn]
FEATURES
Represen
t
framewo
rk
Used to
monitor
the
performa
nce
Guides
stakehold
er
Wellfunctioning
of markets
Rule and
procedur
es
THEORIES OF CORPORATE
GOVERNANCE
The
Stakeholder
Theory
The Agency
Theory
The
Stewardship
Theory
MODELS
1. The Outsider
Model
(A) AngloAmerican /AngloSaxon Model
Shareholde
r
Appoint
Supervisory
Board (including
president)
Appoints &
Intervenes
in
Contingenc
y
Main Bank
President of
sup . Board
Provide
consultatio
n
Executive
committee
Appoints
Managers
Company
FEATURES
1. Small Dominant Group : The Japanese model
are comprises a small no. of dominant group .
Most of these group are diversified and
vertically integrated by cross share holding.
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