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Japanese Independent Director Mechanism Revisited: The Corporate Law Setting, Current Status And Its Explanations, Chien-Chung Lin

Chien-Chung Lin

This article discusses the experiment of the independent director mechanism in Japanese corporate law. Accompanied by the introduction of the committee type company, the independent director mechanism in Japan has faced a strange stagnation after nine years’ implementation. This article describes the phenomenon first and then analyze the background and structural reasons for this stagnation. Last it provides an account for the possible future development of the independent director mechanism in Japan.