Announcement
Waseda Institute for Business and Finance (WBF), together with the Research Institute of Economy, Trade and Industry (RIETI) and Waseda Institute of Advanced Study (WIAS) will co-organize the Symposium titled” Corporate Control and ESG under ’New Capitalism’ - Next phase of corporate governance reforms under new capitalism -”.
This symposium, featuring Professor Julian Franks of London Business School and Professor Marco Becht of The Free University of Brussels, who are prominent researchers in the field of corporate governance, will discuss changes in the shareholding structure and governance of Japanese companies, and the role of institutional investors and activist shareholders in comparison with the latest developments in the U.S. and Europe. Part 1 will consist of research presentations and Part 2 will be a roundtable discussion to consider future issues of corporate governance reform, which has entered a new phase, with panelists including Mr. Shiomura, Deputy Director General, Investment Strategy Department, GPIF, and Professor Tanaka of the University of Tokyo.
Information
- Time and Date: 13:30-17:30 (JST), Thursday, November 10, 2022
- Venue: Online
- Language: English / Japanese (with simultaneous interpretation)
- Hosts: Waseda Institute for Business and Finance (WBF) / Research Institute of Economy, Trade and Industry (RIETI) / Waseda Institute of Advanced Study (WIAS)
Program
13:30-13:40 Opening Remarks
Makoto Yano (Chairman, RIETI / Project Professor, Institute of Economic Research, Kyoto University / Professor by Special Appointment, Sophia University)
13:40-15:40 Part 1: The Evolution of Ownership and its Impact
Moderator
Hideaki Miyajima (Professor, Waseda University / Faculty Fellow, RIETI)
Introduction
“The Quiet Change of Ownership Structure in Japan”
Hideaki Miyajima (Professor, Waseda University / Faculty Fellow, RIETI)
Presentation
“Internal Market for Corporate Control and Stock Repurchase”
Julian Franks (Professor, London Business School / ECGI)
“The Role of Active Funds and Activists in Japan”
Kazunori Suzuki (Professor, Waseda University / WBF/ ECGI)
“Tenure Voting: The New Dual Class?”
Marco Becht (Professor, Free University of Brussels / ECGI)
Q&A
15:40-16:00 Break
16:00-17:20 Part 2: Round Table on the New Phase of Corporate Governance Reforms under New Capitalism
Moderator
Kazunori Suzuki (Professor, Waseda University / ECGI)
Hideaki Miyajima (Professor, Waseda University / Faculty Fellow, RIETI)
Panelists
Julian Franks (Professor, London Business School / ECGI)
Marco Becht (Professor, Free University of Brussels / ECGI)
Kenji Shiomura (Government Pension Investment Funds, GPIF)
Wataru Tanaka (Professor, University of Tokyo)
17:20-17:30 Closing Remarks
Kazunori Suzuki (Professor, Waseda University / WBF/ ECGI)
*Agenda is subject to change
