Corporate Governance of the Japanese Enterprise

While globalization and IT developments are accelerated, the' management of the enterprise got a different path and required a proper governance for Japanese corporation. Today’s enterprise adapts itself to the change in the socio-economic system that changes rapidly, suitably, and it is developing management activities in this era of mega competition when only the enterprise which always creates value to the enterprise can survive. Moreover, it is the fulfillment of social responsibility of the corporate ethics which reach even the objectives of environmental management. The most recent research findings categorically evidence that a speedy diversification is taking place among Japanese corporations in terms of corporate governance. Amongst many voluntary and legislative reforms, introduction of executive officer system and outside director system are attractive. The executive officer system is flattering more popular at an increasing rate. Meanwhile, the latest corporate governance reforms were able to contribute for the enhancement of the corporate performance of the Japanese enterprises. The latest studies confirm, in statistical terms, the relationship between governance reforms and corporate performance is positively significant