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Accepted Paper:
Corporate Governance: Ready for GX?
Franz Waldenberger
(German Institute for Japanese Studies)
Paper short abstract:
As in other countries, the corporate sector plays a decisive role when it comes to achieving ambitious national climate goals of net zero by 2050. Are Japanese corporations on track? This contribution will analyze various channels by which Japanese corporations are incentivized to go green.
Paper long abstract:
As in other countries, the corporate sector plays a decisive role when it comes to achieving ambitious national climate goals of net zero by 2050. Are Japanese corporations on track? A lot will depend on the alignment of Japan’s system of corporate governance.
By applying the broader stakeholder model of corporate governance based on the “bundle of contracts” view of the corporation, this contribution will analyze various channels by which Japanese corporations are incentivized to go green – government regulations, the tax system, ESG conscious shareholders, creditors, customers and employees. It will also assess to what extent these channels are already influencing research, investment and product strategies.