TOKYO : Japan's financial regulator plans to compile an 'action programme' in the first half of this year, with a set of measures to promote deeper company engagement with investors and to enhance board capabilities, a senior official said.The move comes as the Financial Services Agency (FSA) bids to acce
TOKYO : Japan's financial regulator plans to compile an"action programme" in the first half of this year, with a set of measures to promote deeper company engagement with investors and to enhance board capabilities, a senior official said.
"The last eight years of reform has boosted corporate governance nominally, in terms of the number of independent directors for instance," said Toshitake Inoue, deputy director-general of the FSA. The FSA's push chimes with plans announced by the Tokyo bourse last month to urge companies with underperforming stocks to come up with measures to improve capital efficiency.
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