Dan W. Puchniak’s Post

'Asia’s Corporate Governance Shift Is Less Than Meets the Eye' by Gen Goto of the University of Tokyo’s Graduate Schools for Law and Politics and Dan W. Puchniak of Singapore Management University’s Yong Pung How School of Law - https://lnkd.in/gVhFUa7u - #CorpGov #FauxConvergence #OBLB

To what extent should corporations be compelled to define their purpose, not (just) via a pithy purpose statement but as a strategic governance position from which the company and its board are held accountable? Just returned from listening to The Hon. Justice Gordon, of the High Court of Australia, share her perspectives on the new realities impacting 21st century governance, hosted by the Shared Value Project. A rigorous and instructive presentation based on her 2023 Harold Ford Lecture. Here's an extract: "Three ideas keep arising in any debate about corporate governance and directors' duties: what is the purpose of the corporation; what kinds of interests and consequences should directors consider when making decisions; and how far ahead should they look?" When considered from the perspective of a litigant and judge, the lecture is essential reading for any of us working in strategic planning and placing ESG. https://lnkd.in/gExWt3Es #strategy #risk #governance #sharedvalue

“However, our research reveals that this apparent convergence masks a far more complex reality: Similar corporate governance mechanisms often serve radically different functions. Take independent directors. In Japan, they champion investors’ interests as part of the government’s economic revitalization strategy. In Singapore’s family-controlled firms, they act as mediators in family disputes rather than monitors of management. In China, many independent directors have historically been academics who may lack business expertise but provide legitimacy and vital government connections – functions far removed from the original Anglo-American conception.” #corporate_governance

Accepted paper: Do executives with #LegalExpertise impact corporate #Innovation? New research by Yunhao Dai, Xinchu Tong & Xiao Jia reveals they do help foster it by shaping a stable legal environment that promotes innovation activities. As such, the study points to the the important role played by executives with legal expertise in corporate innovation. https://lnkd.in/gsb_S4ne #CGIRjournal #CorpGov #PatentLitigation #China

Corporate governance and compliance are essential for companies, regardless of in which they operate. In Hong Kong, a major global economic hub recognized for its competitive business environment, keeping high standards of company governance and compliance is important for fostering transparency and integrity inside the market.   Corporate Governance in Hong Kong   Corporate governance refers back to the policies, practices, and tactics that manual the control and route of a corporation. In Hong Kong, those mechanisms are governed with the aid of a complete set of legal guidelines and pointers aimed toward improving transparency, duty, and integrity. Legal Compliance in Hong Kong   Legal compliance includes adhering to legal guidelines, guidelines, and requirements applicable to a organisation's operations. In Hong Kong, groups ought to observe various felony necessities related to corporate governance, taxation, employment, and highbrow property. #sfaiglobal #sfaiasia #hongkong #governance #compliance

💼 “Take independent directors. In Japan, they champion investors’ interests as part of the government’s economic revitalization strategy. In Singapore’s family-controlled firms, they act as mediators in family disputes rather than monitors of management. In China, many independent directors have historically been academics who may lack business expertise but provide legitimacy and vital government connections—functions far removed from the original Anglo-American conception.” 💼 “While Asian jurisdictions have widely adopted UK-style codes since 2014, the codes are used for very different purposes. Japan’s code aims to promote growth by encouraging more corporate risk-taking—completely inverting the UK code’s original purpose of controlling excessive risk-taking after the financial crisis. Meanwhile, one of Singapore’s stewardship codes uniquely targets controlling families rather than institutional investors, fundamentally reimagining what shareholder stewardship means in a region dominated by family-controlled firms.”