There have been several recent developments in Japan's corporate governance framework, with further developments expected in the near future. This article examines amendments to the Japanese Companies Act relating to outside directors, nominating accounting auditors, one-committee type companies and multiple derivative actions, independent officers under Japanese Listing Rules, and other trends, in particular the Japanese Corporate Governance Code, promoting board diversity, and the Japanese Stewardship Code.

This article is part of the multi-jurisdictional guide to corporate governance law. For a full list of contents visit www.practicallaw.com/corpgov-mjg