Management and Corporate Governance
In Japan, the top managers play a role in reforming corporate governance, related to the relationship between the ownership and the management. The relationship is largely influenced by historical factors, including the Japanese zaibatsu structure and relationships between founder families and corporations. In modern corporations, the management is separated from the ownership and the need for professional managers is created. Some of these managers recognize that they are not only stewards for the owners but also stewards for society. When they are managing the corporation they ensure corporate social responsibility. The company with high transparency is responsive to expectations of stakeholders and is continuously reforming corporate governance.
KeywordsCorporate Social Responsibility Business Ethic Corporate Governance Corporate Executive Confucian Ethic
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