Tokyo Takeaways (Part 2) – Shareholders Matter

Thinking Points Here’s the second takeaway from my recent Tokyo trip: Shareholders matter. Japan has a different way of looking at corporate ownership. Knowing the other shareholders and what influences

The Other Side Of “Bad Governance”

Thinking Points Japan’s corporate governance, notoriously poor, actually functioned well once upon a time. Many investors, particularly the foreign ones, have been hurt by the context-dependent understanding of corporate ownership

Avoid T. Boone Pickens’ “Keiretsu” Mistake

Thinking Points Japan’s Keiretsu structure has shaped business culture long time, even getting Mitsubishi employees drinking a certain brand of beer. The structure hasn’t favored foreign investors seeking important positions