After decades of corporate boards in Japan allowing former executives to stay with companies as “advisers” on high pay and perks, shareholders are beginning to demand transparency.
Tokyo at sunset. Photo: Rudy Balasko, Shutterstock
Japan's corporate boards are coming under increasing pressure from shareholders to be more transparent regarding the salaries and roles of former executives.
For more than 20 years, boards in Japan have allowed former board directors to stay with a company as “advisers”, and without disclosing their exact role to the board or investors.
Many former executives have previously stayed with companies, getting paid high salaries with the same perks they had when they were working on the board or in the C-suite.
But after much criticism, the winds are now changing, with investors of companies in Japan insisting that this type of corpor
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