Japanese corporate governance structure review and 'the logic of Ié'

Abstract

In recent years, there have been voices that indicate changes had occurred in the activities model of the Japanese. Where does the problem of Japan's corporate governance structure actually lie, and how will the review of governance structure affect the family business of Japan? We would like to look into the meaning of governance structure review from the perspective of corporate management style based on 'the logic of Ié' that forms the unique cultural background of conventional Japanese corporate setup. In Japanese family business, the family ties that had been instilled naturally and spontaneously till now have to be reconnected while the preparation of corporate governance system is underway. For family business in Japan, what is required now is, as far as corporate governance is concerned, not to play around with the market rules, but to strike a balance in corporate governance aspect that matches the corporate culture of Japan.