As is already well known, a strong corporate governance system is indispensable for a company to grow and develop sustainably. Whenever various corporate crimes and scandals occur, a system for effectively monitoring management is discussed. However, preventing corporate crime is only one aspect of corporate governance. On the other hand, companies must achieve dynamic management in the global market, which also requires effective motivation for management. This also constitutes another aspect of corporate governance.
In addition to the "mechanism" of corporate governance, an even more important factor is the top management (chief executive officer or chief decision-maker) that actually exists at the core of the mechanism.
In this lecture, we will consider specific corporate governance issues in Japan and South Korea from a historical perspective, based on the concept and theoretical background of corporate governance (theory of corporations).
The companies to be dealt with in this lecture are Mitsukoshi Department Store, Matsushita Electric (currently Panasonic), Kikkoman, Hitachi, Chugai Pharmaceutical as Japanese companies, and five major conglomerates (Samsung, Hyundai Motor, LG, SK, Lotte) as Korean companies. Hanjin, Doosan, etc.