Changing Corporate Governance Practices in

This book is a timely evaluation of rapidly globalizing governance mechanisms in China and Japan. The author looks at how corporate governance practices in these countries are adapting to Anglo-American practices, but argues that these adaptations are selective, and both countries continue to retain their own local corporate governance practices in some areas.

MASAO NAKAMURA is Professor at the Sauder School of Business and the Institute of Asian Research of the University of British Columbia, Canada, where he also holds the Konwakai Japan Research Chair. He has authored numerous research articles in economics and management. He has also authored and edited several books and research monographs.

List of Tables and Figures	p. vii
Acknowledgments	p. ix
Foreword	p. x
Notes on the Contributors	p. xiii
Introduction	p. 1
New Corporate Governance Practices: Institutional and Economic Considerations
The Two Models of Corporate Governance and the Institutional Reform of Chinese Enterprise	p. 15
How to Prevent China's Listed Companies from Making Misstatements	p. 29
Issues in the Protection of Minority Shareholders' Rights and Interests under China's Company Law	p. 52
An Economic Perspective on Recent Corporate Governance Developments in China with Comments on the Chapters by Yang, Gu and Wang	p. 63
The "Grabbing Hand" and Corporate Governance in China	p. 87
Corporate Governance Practices in Post-Bubble Japan: Adapting to the Globalizing Economies of the Twenty-First Century	p. 113
Understanding the M&A Wave in Japan: What Drives Japanese M&As?	p. 153
Evolving Corporate Governance Practices: Selective Adaptations
The Strange Role of Independent Directors in a Two-Tier Board Structure in China's Listed Companies	p. 185
Low Structure, High Ambiguity: Selective Adaptation of International Norms of Corporate Governance Mechanisms in China	p. 206
Selective Adaptation of Anglo-American Corporate Governance Practices in Japan	p. 235
Index	p. 279
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Changing Corporate Governance Practices in China and Japan Adaptations of Anglo-American Practices

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