Question 1:
The Japanese embodied validation organization differs vastly from the US system. Discuss in bodied governance issues that may arise under the Japanese keiretsu system from the perspective of a) financiers b) owners c) suppliers and d) employees:
The corporate governance in the United States is different from the corporate governance in Japan end especially in keiretsus. first of all the corporate governance aims to ensure that resources of the whole society are used efficiently, so the corporate governance has to take in account the interests of all betholders: employees, suppliers, financiers and owners; whereas the corporate governance in westbound countries especially US country aims to maximize shareholders wealth. The philosophy which underlies the corporate governance in Japan is expressed by the chief operating officer of Asahi, a well-known Japanese firm through securing and expanding the give of *…+ operations, desire to fulfill *…+ responsibilities to stockholders and the local communities in which *…+ operate. So at first we will define the keiretsu organization which sustains this corporate governance.
The keiretsu is an original form of firm; it is a conglomeration of companies organized roughly a single bank for their mutual benefit, in most time each corporation owns equity in each other. This conglomeration is characterized by historical associations and cross-shareholding. Each company of the conglomeration is independent even if they have very next relationships. There are two types of keiretsu, horizontal keiretsu which regroups firms from different industries and upright piano keiretsu which regroups from different stages of a manufacturing process. The fact that each firm owns stake on another one leads to a mutual security. So now, we will scrutinize the task of each stakeholder and how he contributes to the corporate governance. The financiers: The bank dominates the keiretsu; in fact it finances the firms and acts like a...If you neediness to get a full essay, order it on our website: Orderessay
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