Japan: company law reform - a letter from the ACGA

The Asian Corporate Governance Association has published its letter to the Ministry of Justice concerning reforms to company law being considered by the Legislative Advisory Council's Company Law Sub-Committee: see here (pdf). According to the letter, the reforms being considered are wide-ranging and include, for example, the general model of governance, the role and authority of statutory auditors and the role of directors. The ACGA's letter sets out its position on various matters including independent directors, board committees, the role of statutory auditors and shareholder rights.