6. Conclusion
The OECD Secretary-General said that trust and integrity play an essential role in economic life and for the sake of business and future prosperity, it has to be ensured they are properly rewarded. He hoped that the OECD Principles of Corporate Governance helped to develop a culture of values for professional and ethical behavior on which well-functioning markets depended. OECD recognized the need to adapt implementation to varying legal economic and cultural circumstances, and adopted a non-binding principles approach.
The original OECD Principles influence the Principles of Corporate Governance for Listed Companies presented by the TSE in 2004. However, presently the revised OECD Principles do not have such a great influence on Japanese society, although there is an increasing effort toward reforming corporate governance regimes in Japan.
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Keywords
- Corporate Social Responsibility
- Business Ethic
- Corporate Governance
- Institutional Investor
- Audit Committee
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
References
OECD (1999) OECD Principles of Corporate Governance.
Monks AG, Minow N (2004) Corporate Governance, 3rd ed. Blackwell Publishing.
Iskander MR, Chamlou N (2000) Corporate Governance: A Framework for Implementation. The World Bank Group.
Wearing R (2005) Cases in Corporate Governance. Sage.
MacAvoy PW, Milstein IM (2003) The Recurrent Crisis in Corporate Governance. Palgrave Macmillan.
OECD (2004a) Corporate Governance; A Survey of OECD Countries.
OECD (2004b) OECD Principles of Corporate Governance.
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© 2006 Nobuyuki Demise, Yumiko Miwa, Mariko Nakabayashi, Yoko Nakoshi
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Demise, N. (2006). OECD Principles of Corporate Governance. In: Corporate Governance in Japan. Springer, Tokyo. https://doi.org/10.1007/978-4-431-30920-8_10
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