Corporate Governance n Japan and Australia Comparison Essay by Master Researcher

Corporate Governance n Japan and Australia
An in-depth comparison of corporate governance in Japan and Australia.
# 35802 | 5,400 words | 26 sources | MLA | 2002 | US

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This paper explains corporate governance and stakeholder theory and explores the Australian and Japanese systems of corporate governance. The paper discusses the implications of these laws for international investors and looks at the moral and ethical support for the stakeholder theory. The paper shows how the Australian and Japanese systems are at two different extremes and suggests that perhaps a combination of the two concepts of stakeholder and shareholder would provide the needed balance.

Introduction: What is Corporate Governance?
Stakeholder Theory
Identification of Stakeholders
An Ethical Model
Blair's view of a Stakeholder
The Question Of 'Ownership'
Comparison Between Australian And Japanese Requirements
Japanese system of corporate governance
Environmental issues
The Rights of Shareholders Vs. the Rights of Stakeholders
Stakeholder interests in the Japanese system
Keiretsu System
The Japanese System and International Investors
Legal Perspective in Australia
The Current State Of Australian Corporations Law: Can Company Directors and Managers Exercise the Stakeholder Theory Discretion
Introduction of the Stakeholder Theory into Australian Corporate Governance
Institutional investors
Increase of Directors' Discretion
Revisiting Case Law
Further Developing Corporate Governance Codes and Practices
Future Companies: == A Report prepared in Britain
Moral and Ethical Support for the Stakeholder Theory

From the Paper:

"The style of leadership set by the board of directors and the degree of cooperation between the board and the senior management team determines the quality of governance. The employment of competent and ethical people, and efficient systems and processes to manage and monitor the performance of the Organization, including the board of directors and senior management, good communication and accountability to all stakeholders, will go to make up good governance. However, over the last one hundred and fifty years the fundamental purpose of corporate structure has changed from mere maximization of corporate profit to increase shareholder wealth to also caring for societal considerations and the welfare and rights of the employees, suppliers and subcontractors and other ethical .considerations including fulfilling obligations to government and a genuine concern for the environment.
"The realization has dawned that "the modern corporation naturally creates interdependencies with a variety of groups who have their own concerns with respect to the corporation, such as employees, customers, suppliers and members of the communities in which the corporation operates." ( Donaldson T and Preston LE, 1994)"

Cite this Comparison Essay:

APA Format

Corporate Governance n Japan and Australia (2003, October 21) Retrieved March 26, 2023, from

MLA Format

"Corporate Governance n Japan and Australia" 21 October 2003. Web. 26 March. 2023. <>