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Corporate Governance Models - Coggle Diagram
Corporate Governance Models
Japanese Model
The Japanese model is the outlier of the three.
Japanese regulators
play a large role in corporate policies, often because corporations' major stakeholders include Japanese officials.
corporate transparency is lacking in the Japanese model.
Individual investors are seen as less important than business entities, the government, and union groups.
involves a high level of ownership by
banks
other affiliated companies
"keiretsu," which are industrial groups linked by trading relationships and cross-shareholding
major players
the bank,
the keiretsu (both major inside shareholders),
management
the government.
Outside shareholders have little or no voice and there are few truly independent or outside directors.
Anglo-US Model
Board of directors and Shareholders
controlling parties
provides leadership to the Group
is responsible for its long-term success.
Chairman
Three executive directors
Six independent non-executive directors.
Managers and Chief Officers
Secondary authority.
Derive their authority from the board, which is beholden to voting shareholders' approval
employees and contractors
German Model/continental model
The supervisory council
controls the executive board
is chosen by employees and shareholders
Government and national interest are strong influences in the continental model.
executive board.
is in charge of corporate management
Banks also often play a large role financially and in decision making for firms