The topic of 'corporate governance' attracts the interest of commentators, policy makers and academics due to its focus on major differences between national business systems and their performance. Yet many works engage in generalizations, and fail to appreciate the realities and circumstances of its long-term evolution. Comparative study is used in this book to analyse national, legal, cultural and industry-specific contexts and the broad range of key factors contributing to the emergence of business institutions. Historical insight into the origins of corporate governance systems and the impact of institutional legacy is used to unravel development pathways in Japan and Britain. The book is the result of genuine international cooperation between established Japanese and British business historians and management academics.
Contents: What is corporate governance? the historical implications, Etsuo Abe; The corporate governance of Japanese firms at the early stage of industrialization: Osaka cotton spinning and Nippon life assurance, Matao Miyamoto and Takeshi Abe; Corporate governance, business organization and competitiveness: British business in the inter-war period, Robert Fitzgerald; Corporate governance in the inter-war Zaibatsu, Haruhito Takeda; Corporate governance in British insurance: how the Phoenix lost Norwich Union and lived to regret London Guarantee and Accident, Clive Trebilcock; Japanese corporate governance in the major life assurance companies; an historical perspective, Takau Yoneyama; The main bank system and corporate governance in post-war Japan, Chikage Hidaka and Takeo Kikkawa; Corporate governance, management and British venture capital since 1945, Richard Coopey; Authority and direction in British manufacturing companies, 1945-2000: models, realities and consequences, Nick Tiratsoo; Corporate governance and management structure: the nationalized railway industry in Britain, Terry Gourvish; Recent changes in inter-firm relations in Japan: the six largest corporate complexes, Masahiro Shimotani; Index.