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Investors stand to gain from Japan's corporate governance reforms

Moving closer to global standards may help reduce risks and raise returns

| Japan
A future president? Over half of Japan's major companies have no female director on their boards.   © Reuters

In the coming months, Japan is set to reach another important milestone in its path toward improving the business environment with the first set of revisions to the 2015 Corporate Governance Code. The changes -- which focus on unwinding cross shareholdings, broader adoption of compensation and nomination committees, and greater diversity on boards -- are important steps in moving Japan closer to global governance practices.

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