OECD Principles of Corporate Governance
- Nobuyuki Demise
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.
- OECD Principles of Corporate Governance
- Book Title
- Corporate Governance in Japan
- Book Subtitle
- From the Viewpoints of Management, Accounting, and the Market
- Book Part
- Part III
- pp 109-117
- Print ISBN
- Online ISBN
- Springer Japan
- Copyright Holder
- Nobuyuki Demise, Yumiko Miwa, Mariko Nakabayashi, Yoko Nakoshi
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