JACD Work

All of JACD works are organized in order to review Corporate Governance and directorship issues from a wide range of angles; education, seminars and events for directors, publications and developing and promoting policies on issues of interest to directors.

Asia Corporate Governance Association (ACGA)'s 16th Annual Conference, the "Asian Business Dialogue on Corporate Governance 2016", took place at the Conrad Hotel in Tokyo over November 15-16, 2016. The theme of the Conference was "Corporate Governance in North Asia: Contrasting Paths to Reform", and the event attracted some 300 delegates and speakers from 21 countries in Asia and other parts of the world.

JACD delighted to be a part of this event as the supporting organization.

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Chairman's Message 2016

Japan Association of Corporate Directors
Chairman Yoshihiko Miyauchi


The Economic and Business Climate

The economic picture at the end of 2015 made it difficult to be optimistic about the outlook. Economies of emerging countries, which had been driving global economic growth, were sluggish. Excess production capacity in China is a major cause. Emerging country economies were further impacted by the sharp drop in prices of natural resources and raw materials. Economic growth has been weak in industrialized countries, too. There are concerns about Europe, and the U.S. economy alone does not have the strength to fuel global economic growth.

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Chairman's Message 2015

Japan Association of Corporate Directors
Chairman Yoshihiko Miyauchi


Business Environment

In 2014, corporate governance started showing signs of a major change for the first time, attracting the attention of the wider business community.

The 2014 Japan Revitalization Strategy under Abenomics stated that to restore Japanese companies' earnings power it is necessary to strengthen corporate governance. It also required investors to comply with the Stewardship Code while requiring companies to comply with the Corporate Governance Code. In line with the enactment of the Companies Act of Japan, revised in May 2015, there is an expectation that the growing trend to strengthen corporate governance will bring positive changes to companies and to society. The question is, what impact will the changes bring to Japan's business world?

The Article on The Wall Street Journal - Director-training classes

A state of the director-training classes was introduced on the article →VIDEO

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The Article on The Japan Times

Shigeru Matsumoto, Managing Director at JACD had an interview with The Japan Times, and it was placed on Aprl.27th.

>>CORPORATE GOVERNANCE
New rules are pushing Japanese corporations to tap more outside directors―Move aims to boost scrutiny of corporate management BY KAZUAKI NAGATA →The Artcle

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Chairman's Message 2014

Japan Association of Corporate Directors
Chairman Yoshihiko Miyauchi


Changes in the Business Environment

The Japanese economy has started to make a recovery driven by the effects of Abenomics, the economic policies of the Abe administration which took office at the end of 2012.

Abenomics consists of three arrows -- bold monetary policy, flexible fiscal policy, and a growth strategy that encourages private investment. The first and second arrows that have been implemented under the leadership of the government and the Bank of Japan have produced positive effects including the correction of the strong yen and a hike in stock prices which led to a gradual recovery in corporate performance.

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Chairman's Message 2013

Japan Association of Corporate Directors
Chairman Yoshihiko Miyauchi


Environment surrounding us

In the wake of the governmental change in December 2012, the economic policies of the Abe administration, as it is called "Abenomics" effect has brought a significant change in our business environment. The Bank of Japan's drastic monetary easing has led to the depreciation of the yen and the consequent recovery of share price and the real estate market, resulting in showing some brightness in business confidence. Also, Japan received favorable responses to its representation to joining the Trans-Pacific Partnership (TPP) talks and efforts toward growth strategies, making us feel a new life to slip out of the longstanding stagnation. In addition to expectation of both Japanese and overseas investors for improvement of corporate earnings, investment focusing on the mid- and long-term change in the Japanese economy has started growing. In terms of general consumption, family-style eateries and department stores have shown a recovery with the number of coming-in customers and unit prices. We would like to see closely on whether Japan will be able to break away from the deflation, which had been a major obstacle of the Japan's economy for long decades.

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Directors' Program

Each program is designed to help directors make a progress in the quality of their governance and directorship skills.

  • Directors' duties and Responsibilities
  • Ethics and Compliance
  • Regulatory Updates and the governance environment
  • Finance and Accountability
  • Risk Issues for Directors
  • The Board's Role

JACD facilitate professional development through the sharing of ideas and knowledge and through the discussion about topical director and governance issues. Stay up-to-date on emerging issues, new policies, leading board practices, and refresh your knowledge of the essentials.

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Morning Forum

This forum provides useful information from the expert of various fields about environment surrounding business. Among exclusive members, you can share your own thoughts about the concern of the everyday business.

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New Corporate Directors' Course

This program is designed to provide new directors, senior executives and managers with a basic overview of the duties and responsibilities of directors.
Our faculty, experienced board directors and expertise, provide you with knowledge and networking you need to make the boardroom more effective.

  • Directors liabilities
  • Current legal trends
  • Audit for non financial directors
  • Roles of the Board & Management
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Board Recruitment Network

Experienced management is registered at our association as members and they learn about the highest theory and practice about corporate governance. JACD play a role for supplying the talented person as the independent director for a listed company.

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Forums: Dialogue with the regulation setting organization

Affect the policy making process of the corporate governance system, through dialogue with financial regulators and stock exchanges. It plays an essential role in developing policies and practices for today's corporate governance challenges.

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Forums: Dialogue with institutional investors

The pressure from the capital market, including shareholders and institutional investors improve the business results of the Japanese company. From the talks with investors, JACD take an effective action through corporate governance development to call in investment from the world in the Japanese market.