Japanese Corporate Law & Governance
Last Updated Date: 3 January 2014
4 Credits, Semester 2
This module undertakes an in-depth analysis of Japanese corporate law and governance. It starts by providing a brief introduction to the Japanese legal system and the fundamental characteristics of Japanese corporate law. It then proceeds to examine the critical divergence in post-war Japan between corporate law "on the books" and in practice. Next, the course considers the foundational features of post- war Japanese corporate governance (i.e., the main bank system, keiretsu and lifetime employment) and analyzes a number of areas of Japanese corporate law that have received significant attention in the corporate law literature (e.g., ostensibly irrelevant boards, the dearth in shareholder litigation, the significance of the mafia in corporate governance and the conspicuous absence of a market for corporate control). The course ends with a critical examination of a recent body of literature that challenges the uniqueness of Japanese corporate law and governance and with a "practitioner-style" consideration of the most relevant corporate law issues facing foreigners investing in Japan.
Course Convenor: A/P Daniel William Puchniak
Module Codes: LL4172 / LL5172 / LL6172
Contact Hours: 3hr weekly seminar
Workload: 3 hours
Mode of Assessment: Final Exam - 60%; Class group review exercise - 20% & Class participation - 20%
Prerequisites: NUS Compulsory Core Law Curriculum or equivalent.
Examination Date: Tuesday, 29 April 2014, AM
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