At first blush, the rise of independent directors in Singapore provides a straightforward
example of a successful legal transplant from the West to Asia. In 2001, Singapore …

Independent directors originated in dispersed ownership systems in order to strengthen the
monitoring role of the board, as widely shown by comparative law scholarship (Hopt 2011) …

For over two decades, Japan has ostensibly had all of the essential elements that leading
academics and sophisticated investors have assumed to be sufficient for a country to …

The debate over corporate governance convergence has been heated for years and has
created a cottage industry of experts. It is premised on the false assumption that American …

Corporate governance may be analyzed from different perspectives, one of them being its
legal aspect. However, instead of examining legal rules regarding corporate governance …

It is widely assumed that hostile takeovers are a prerequisite for an efficient system of
corporate governance. This assumption is false. Since the new millennium, Japan has …

Much has been made of Japan's 'lost decade'. With economic stagnation, financial crisis and
record corporate insolvencies during the 1990s, Japan's once mighty economic machine …

During the industrial revolution, the United Kingdom managed to double the size of its
economy in a little over 50 years—an astonishing feat that marked the beginning of more …

Two of the most prominent Japanese corporate governance scholars, Professors Miwa and
Ramseyer (" M&R"), have recently published numerous articles and a book setting out their …

The 1990s were a 'lost decade'for the Japanese economy. The asset price bubble burst in
the early 1990s. Collapsing land prices caused a spike in the number of non-performing …