Wall Street Journal (February 18)
2011/ 02/ 20 by jd in Global News
Corporate governance remains weak in Japan, partly because shareholders are too passive. “Japan Inc. has been run, and overseen, by corporate insiders, with shareholders’ interests often taking a back seat.” Among especially bad practices, the Journal points to low returns, cross-shareholdings and “the massive dilutive, follow-on issues that lack compelling equity stories—many of them to make up for mismanagement.”
Tags: Corporate governance, Japan, Returns, Shareholders
