Colin MAYER (Emeritus Professor, Saïd Business School, University of Oxford)
Commentator
TAKEI Kazuhiro (Partner, Nishimura & Asahi (GKJ))
Moderator
MIYAJIMA Hideaki (Faculty Fellow, RIETI / Professor, Faculty of Commerce, Waseda University / Executive Vice President, Waseda University / Adviser, Waseda Institute for Advanced Study)
The world has been encountering multiple crises – Global Warming, Biodiversity Loss, Inequality, Social Exclusion and Mistrust. Crises are increasing in frequency, intensity and prevalence around the world. The seminar will discuss why this has happened and what needs to change. It will argue that the core of the problem is the key driver of capitalism and that is profit – The way in which we reward and incentivize those who own and run businesses. It will describe the legal, regulatory, governance, measurement and business practice changes needed to solve the problem. It will consider this in the context of recent developments in the operation ,ownership and governance of Japanese corporations and financial markets and the reforms currently being discussed in Japan.
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