A growing number of Japanese companies are eliminating counselor and adviser positions, typically given to retired executives, as shareholders led by overseas institutional investors call for greater transparency in Japan’s corporate governance. Earlier this month, Japan Tobacco and food processor Kagome announced plans to abolish advisory posts, saying shareholders were unconvinced they were needed.
Read the full article here: asia.nikkei.com
Interested in knowing more about corporate governance? Watch this panel discussion held during the Corporate Governance Compliance Strategies Conference in Berlin, 2016.