View Single Post
  #671  
Old 03-13-2018, 11:27 AM
campbell's Avatar
campbell campbell is offline
Mary Pat Campbell
SOA AAA
 
Join Date: Nov 2003
Location: NY
Studying for duolingo and coursera
Favorite beer: Murphy's Irish Stout
Posts: 85,043
Blog Entries: 6
Default

JAPAN

https://www.reuters.com/article/us-j...-idUSKCN1GO1A3


Quote:
Japan FSA urges corporate pension funds to fulfill better corporate governance: source
Spoiler:
TOKYO (Reuters) - Japan’s Financial Services Agency (FSA) will urge corporate pension funds to demonstrate fully their ability, in its first update to a 2015 corporate governance code, a government source with direct knowledge of the matter told Reuters.

Women walk under a sign of Japan's Financial Services Agency in Tokyo, Japan June 29, 2017. Picture taken June 29, 2017. REUTERS/Issei Kato
The recommendation is aimed at achieving higher levels of pension investment and to facilitate dialogue between pension funds and companies they invest in, the source said on condition of anonymity as he is not authorized to speak to media.



The FSA will put forward its proposal at a panel meeting on the stewardship code and corporate governance on Tuesday, the source said.

Since Prime Minister Shinzo Abe swept to power in late 2012, he has been pushing for greater corporate governance and transparency through measures such as boosting the number of outside directors.

To achieve this, the FSA will urge listed companies to have their pension funds enhance expertise in investment, and to appoint the right people in order to fully demonstrate their function as“asset owner”, the source said. The agency will specifically call on listed companies to disclose efforts.

Analysts have long pointed out that Japan’s corporate pension funds lack adequate functions to check investments, as some of them put inexperienced people in investment roles and others pass on the whole investment to institutions.
__________________
It's STUMP

LinkedIn Profile
Reply With Quote
 
Page generated in 0.08844 seconds with 9 queries