This FT article address the role of “ghosts” in Japanese boardroom.  These “ghosts” are former presidents and executives who retain adviser roles for many years  after their stint at the top has finished.   The Tokyo Stock Exchange wants companies to release information on such advisers to help investors get a better sense of how  Japanese companies are governed.

Toshi Oguchi, representative director at Governance for Owners Japan, thinks that if advisers are meaningful to the company, they should be accountable. But, he added, “if the regulator said all advisers had to be disclosed, a company may find some other way to use them that is even less transparent”.

To read the full article , please click here Tokyo Stock Exchange takes aim at Japan’s corporate ghosts