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June 27, 2008
Japanese boards.
More from last month's Financial Times piece on boards globally. Hull McGuire has extensive experience with German companies, and the kind of board mentioned yesterday. The Japanese? We have very little experience, and we wouldn't even think of working in Japan or even for Japanese companies in the U.S. without the right partners and experts.
Japan: Traditionally characterised by very large boards of “insiders” – loyal and seasoned careerists who have stayed all their careers with the same company – the Japanese board has provided stability but also the risk of stagnation. Outsiders have long predicted that this model would have to change and one day the predictions may even come true.
See in The Economist this article on pressures to open up Japan.
Posted by JD Hull at June 27, 2008 12:00 AM