It has long been said that the Japanese corporate governance does not pay sufficient attention to shareholders as the owners of the corporation. An yet, despite this seeming lack of shareholder ownership, Japanese firms have performed quite well until recently. This paper seeks to solve this...

The monitoring model of the board of directors is influential worldwide despite being criticized from several perspectives. This article will examine the multi-dimensional roles—which include not only its monitoring role but also its role as a creator of synergistic effects—of the board from...