The New Stewardship Code in Japan: Comparison with the UK Code and its Implementation

I. Comparison between the Two Codes | 1. General Similarities | 2. Differences in the Objectives | 3. Differences in the Adoption Process | 4. Principle 7 of the Japanese Code | II. Implementation of the Japanese Code | 1. Need for Wider Commitment by Asset Owners | 2. Negative Changes in Investors’ Attitude | 3. Possible Effect of Coming Regulatory Changes | III. Concluding Remarks