I recently read an article about corporate governance in Japan. The article specifically focuses on important improvements to corporate governance made recently at various companies around Japan – improvements made in the interest of strengthening accountability to shareholders and other key stakeholders.
Though the history of corporate governance in Japan is somewhat different than in the US, and different still than the cooperative/not-for-profit governance structure of credit unions, the article is nonetheless instructive for credit union boards looking to get better at governance. Some of the dysfunctions noted in the article are also present at many credit unions in the US today.
We recommend taking a few minutes to dive in. You’ll find the article on the strategy+business site here:
If you read it and want to discuss it, feel free to give me a call. You can schedule a complimentary 30-min discussion using my online scheduler here:
Photo by Aleksandar Pasaric from Pexels