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OECD Principles of Corporate Governance

In: Corporate Governance in Japan

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  • Nobuyuki Demise

Abstract

6. Conclusion The OECD Secretary-General said that trust and integrity play an essential role in economic life and for the sake of business and future prosperity, it has to be ensured they are properly rewarded. He hoped that the OECD Principles of Corporate Governance helped to develop a culture of values for professional and ethical behavior on which well-functioning markets depended. OECD recognized the need to adapt implementation to varying legal economic and cultural circumstances, and adopted a non-binding principles approach. The original OECD Principles influence the Principles of Corporate Governance for Listed Companies presented by the TSE in 2004. However, presently the revised OECD Principles do not have such a great influence on Japanese society, although there is an increasing effort toward reforming corporate governance regimes in Japan.

Suggested Citation

  • Nobuyuki Demise, 2006. "OECD Principles of Corporate Governance," Springer Books, in: Corporate Governance in Japan, chapter 10, pages 109-117, Springer.
    • Handle: RePEc:spr:sprchp:978-4-431-30920-8_10
    DOI: 10.1007/978-4-431-30920-8_10
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    Citations

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    Cited by:

    1. Muhammad Yar Khan & Anam Javeed & Ly Kim Cuong & Ha Pham, 2020. "Corporate Governance and Cost of Capital: Evidence from Emerging Market," Risks, MDPI, vol. 8(4), pages 1-29, October.
    2. Komath, Muhammed Aslam Chelery & Doğan, Murat & Sayılır, Özlem, 2023. "Impact of corporate governance and related controversies on the market value of banks," Research in International Business and Finance, Elsevier, vol. 65(C).
    3. Nailesh Limbasiya & Hitesh Shukla, 2019. "Effect of Board Diversity, Promoter’s Presence and Multiple Directorships on Firm Performance," Indian Journal of Corporate Governance, , vol. 12(2), pages 169-186, December.
    4. Khondaker Mizanur Rahman & Marc Bremer, 2016. "Effective Corporate Governance and Financial Reporting in Japan," Asian Academy of Management Journal of Accounting and Finance (AAMJAF), Penerbit Universiti Sains Malaysia, vol. 12(Suppl. 1), pages 1-93–122.
    5. Knut R Fossum & Brit-Eli Danielsen & Wenche Aarseth & Stig Ole Johnsen, 2018. "A project management issue of new technology developments: A case study on lack of human factors’ attention in human–robot interaction," Journal of Risk and Reliability, , vol. 232(2), pages 164-173, April.
    6. Yi, Xing & Bai, Caiquan & Lyu, Siyuan & Dai, Lu, 2021. "The impacts of the COVID-19 pandemic on China's green bond market," Finance Research Letters, Elsevier, vol. 42(C).

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