One day, Japan’s biggest overhaul of rules for companies in decades will make them more efficient. Right now it’s making things worse.

So says Toshiaki Oguchi, part of a group handpicked by the government to give a verdict on how well new codes for investors and businesses are working. Companies are meeting the minimum requirements without giving it enough thought, says Oguchi. Different types of shareholders are taking a uniform approach to pressing businesses to improve profitability, which is wasting everybody’s time, he says.  To read more follow this link

Japan times_Move to improve Japanese corporate governance devolves into compliance game