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2013 CORPORATE GOVERNANCE CONFERENCE

October 18, 2013 @ 9:00 am - 5:30 pm

| Please see description for more information on registration fees.

Venue: UC Hastings College of the Law | Room J, 198 McAllister St., San Francisco, CA 94102

Capital Markets and the Law in Japan: Legal Reform & Corporate Governance

The Japan Society of Northern California (JSNC) will be partnering with UC Hastings College of the Law in collaboration with the Pacific Pension Institute (PPI) in the production of the fourth international symposium on corporate governance which will be held on Friday, October 18, 2013.

As with our previous conferences, we are targeting an international audience with a strong interest in corporate governance practices in Japan. This includes individuals with oversight or fiduciary responsibility for investments in Japan, such as pension plan sponsor representatives and trustees, endowment and foundation professionals and trustees, and investment management specialists. M&A advisory employees interested in how Japan’s changing legal framework will affect merger and acquisition activities in Japan will also find the conference of great value. Professionals such as lawyers, consultants and accountants working with pension funds, endowments, investment managers and M&A advisors having a Japan – U.S. focus will also have much benefit from participation.

This conference will further appeal to company executives and to academics with an interest in global and Japan corporate governance practices. In addition, since the symposium will be at a law school, law students and practicing lawyers will be interested as well and it will also give an opportunity for students at local universities to find out more about this important topic.

For years, foreign investors have criticized the way that Japanese capital markets are regulated, arguing that corporate governance standards in Japan are weak compared to western standards, that the system needs a major overhaul. Foreign investors want to see greater returns to shareholders, and believe that this can be accomplished using provisions such as: increased use of outside directors, disclosure of executive pay, protection of minority shareholders, and the creation of a vibrant market for corporate control that will allow shareholders to take over and restructure publicly traded inefficient companies.

Japan can counter that its system has demonstrated strengths such as long-term planning, low income disparity between the top paid wage earners and the bottom wage earners, and that the western governance standards proved to be of little value in 2008 when western capital markets collapsed.

Yet, today, Japan is engaged in an aggressive macroeconomic experiment—printing trillions of yen in the hopes of creating two percent inflation (not more, not less). And, Prime Minister Abe has promised meaningful “structural reforms,” that will be the basis for Japan’s economic strategy for decades to come. Reforms to the Corporations Law are under consideration.

This conference will be a meeting between academics and practitioners that will discuss the legal reforms under consideration and the effects that they are likely to have.

Professor Hideki Kanda of the University of Tokyo, who is directly involved in drafting revisions to the Corporations Law will be making the initial presentation. We have assembled a group of leading expert practitioners in the area of Japanese governance. We anticipate deep substantive exchange between academics and practitioners at the symposium.

To view slides from the speakers’ PowerPoint presentations, please click here.

 

8:30 a.m. Registration
9:00 a.m. Welcome
Richard A. Boswell, Associate Dean for Global Programs, UC Hastings College of the Law
Introductory Remarks: Issues for Discussion
Moderator:
Setsuo Miyazawa, Professor, UC Hastings College of the Law and Aoyama Gakuin University Law School
Remarks
Masato Suzuki, Consul and Director, Japan Information Center, Consulate General of Japan in San Francisco
Speaker:
David Makman, Partner, Makman & Matz LLP
9:30 a.m. Session 1: Legislative Process & the Corporate Law Amendment
Moderator:
Setsuo Miyazawa, Professor, UC Hastings College of the Law and Aoyama Gakuin University Law School
Speakers:
Hideki Kanda, Professor of Law, University of Tokyo
Bruce Aronson, Professor, Hitotsubashi University
Discussion + Q&A:
Eric Sibbitt, Partner, O’Melveny & Myers LLP Adjunct Professor, UC Hastings College of the Law
10:30 a.m. Coffee Break
10:45 a.m. Session 2: Environmental, Social & Corporate Governance Issues in Japan
Moderator:
David Makman, Partner, Makman & Matz LLP
Speakers:
Hiroshi Komori, Associate General Manager, Stock Transfer Agency Business Advisory Department, Sumitomo Mitsui Trust Bank, Ltd.
Seiji Kawazoe, Associate General Manager, Fiduciary Business Planning Department, Sumitomo Mitsui Trust Bank, Ltd.
Discussion + Q&A:
Jodi Short, Associate Professor, UC Hastings College of the Law
11:45 a.m. Lunch
1:00 p.m. Session 3: A View of the Japanese Market & Shareholders’ Rights from the Foreign Perspective
Moderator:
David Makman, Partner, Makman & Matz LLP
Speakers:
Kouji Yamada, Professor, Mission Value Partners Adjunct Professor, Hitotsubashi University
Sarah Ingmanson, Executive Director, Banking Strats, Investment Banking Division, Morgan Stanley
Discussion + Q&A:
Hideki Kanda, Professor, University of Tokyo
2:00 p.m. Session 4: Engagement & Training Issues
Moderator:
Sarah Ingmanson, Executive Director, Banking Strats, Investment Banking Division, Morgan Stanley
Speakers:
Nicholas Benes, Representative Director, The Board Director Training Institute of Japan (BDTI)
Stephen Codrington, CEO, Codrington Japan
Discussion + Q&A:
Sarah Ingmanson, Executive Director, Banking
Strats, Investment Banking Division, Morgan Stanley
3:00 p.m. Coffee Break
3:15 p.m. Session 5: Market for Corporate Control
Moderator:
Keith Hand, Associate Professor of Law, UC Hastings College of the Law
Speakers:
Mangyo Kinoshita, Partner, White & Case LLP
Michael J. Mies, Partner, Skadden, Arps, Slate, Meagher & Flom LLP
Discussion + Q&A:
Bruce Aronson, Professor, Hitotsubashi University
4:15 p.m. Session 6: Interactions between Management & Investors
Moderator:
Keith Hand, Associate Professor of Law, UC Hastings College of the Law
Speakers:
Atsushi Matsunaga, Manager, IR SR Research Unit, IR Japan, Inc.
Marc Goldstein, Head of Research Engagement, ISS (Institutional Shareholders Services)
Discussion + Q&A:
Abe Cable, Associate Professor, UC Hastings College of the Law
5:15 p.m. Closing Remarks
Moderator:
Setsuo Miyazawa, Professor, UC Hastings College of the Law and Aoyama Gakuin University Law School
Speakers:
Hideki Kanda, Professor, University of Tokyo
Bruce Aronson, Professor, Hitotsubashi University
Eileen Tanaka, Interim Head, Japan Society of Northern California

 

Speakers:

Bruce Aronson, Professor of Law, Graduate School of International Corporate Strategy, Hitotsubashi University; Advisor, Nagashima Ohno & Tsunematsu
Nicholas Benes, Representative Director, The Board DirectorTraining Institute of Japan (BDTI)
Richard A. Boswell, Associate Dean of Global Programs, UC Hastings College of the Law
Abe Cable, Associate Professor, UC Hastings College of the Law
Stephen Codrington, CEO, Codrington Japan
Marc Goldstein, Head of Research Engagement, ISS (Institutional Shareholder Services)
Keith Hand, Professor of Law, UC Hastings College of the Law
Sarah Ingmanson, Executive Director, Banking Strats, Investment Banking Division, Morgan Stanley
Hideki Kanda, Professor of Law, University of Tokyo
Seiji Kawazoe, Associate General Manager, Fiduciary Business Planning Department, Sumitomo Mitsui Trust Bank, Ltd.
Mangyo Kinoshita, Partner, White & Case LLP
Hiroshi Komori, Associate General Manager, Stock Transfer Agency Business Advisory Department, Sumitomo Mitsui Trust Bank, Ltd.
David Makman, Partner, Makman & Matz LLP
Atsushi Matsunaga, Manager, IR SR Research Unit, IR Japan, Inc.
Michael J. Mies, Partner, Skadden, Arps, Slate, Meagher & Flom LLP
Setsuo Miyazawa, Professor, UC Hastings College of the Law and Aoyama Gakuin University Law School
Eric Sibbitt, Partner, O’Melveny & Myers LLP
Jodi Short, Associate Professor, UC Hastings College of the Law
Kouji Yamada, Research Director, Mission Value Partners and Adjunct Professor, Hitotsubashi University
Additional speakers will be added as confirmed

NOTE: Attorneys attending may receive MCLE credit.

REGISTRATION FEES:

  • General Admission:
    • Before midnight October 4 – $150
    • After  October 4 - $200
  • Japan Society of Northern California Members (Individual &  Corporate):
    • Before midnight October 4  – $100
    • After October 4 -$125

The deadline to RSVP for this event is Thursday, October 17 at 12:00 p.m.

Refunds will not be issued after Friday, October 11, 2013.

To register please click here for more information.

 

This program is underwritten by Sumitomo Mitsui Trust Bank, Limited, Hibiya Station Law Offices, Makman  & Matz LLP

Sumitomo Mitsui Trust Bank

 Hibiya Station Law Offices logo

mm_logo2

Conference Airline Sponsor

プリント

Supporters

Consulate General of Japan in San Francisco

Hastings Business Law Journal

in collaboration with  Pacific Pension Institute and UC Hastings College of the Law.

ppi

253665_Hastings_540__163711 (3)

Details

Start:
October 18, 2013 9:00 am
End:
October 18, 2013 5:30 pm
Cost:
Please see description for more information on registration fees.
Event Tags:

Organizer

Eileen Tanaka
Phone:
415.986.4383
Email:

Venue

UC Hastings College of the Law - Room J
198 McAllister Street San Francisco, 94102 United States
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