Analysis Of Japan's Corporate Governance Structure

The Japanese corporate governance model is the result of the development of the Japanese economy. Japanese corporate governance came down regularly after the world war II. The main characteristics of Japanese corporate governance include the following aspects: the structure of stock right is the legal person holds each other's share, the incentive mechanism to executives is a unique one, the correlated stakeholders manage the corporate together, the manage style is high liabilities, etc. The Japanese corporate governance had played a key role during the Japanese economy. However , it did not suit the change of the new environment. The defects of the Japanese corporate governance model became more and more serious: lack effective supervision mechanism, inside people control, lack competition vigor, the corruption is serious, etc.The difference of corporate governance is decided by the difference of the property right system of the company. Along with the development of economic globalization, the various countries learn to draw lessons from each other in corporate governance. Japanese company has taken a series of measures to carry on the reform to the corporate governance too 7 including: strengthen the shareholders' meeting, guarantee the interests of the personal shareholder, accelerate the development of the securities market, strengthen the proportion of stock financing investors in the capital market, strengthen the capital market to the function which the company manages, give play to the role of the organization investor's shareholder and allow foreigners to invest equally as a Japanese being, raise foreigners' proportion of holding stock to overcome its intrinsic.In our country, corporate governance is still a relatively new concept . To establish modern enterprise institution is the direction of the reform of Chinese state-owned enterprise. In our state-owned enterprise, there are a lot of questions, such as "state-owned stock" owns a very great proportion, lack of the effective incentive mechanism, the supervise and restrain mechanism is becoming a mereformality, the shareholders are unable to play a role during the process of corporate governance, publishing of the necessary information is insufficient, etc. In order to overcome the defects and drawing lessons from the characteristics of the Japanese corporate governance and the improving measures, this essay puts forward the following eight suggestions: promote the pluralism of stock right, implement the main position of the ownership, strengthen the function of the board of directors, give play to the role of board of supervisors, set up attractive incentive mechanism, perfect marketing system, strengthen the interests of the correlated stakeholders, perfect the information announcing system of listed company, etc.