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Asia-Pacific

Japan FSA Set to Revise Corporate Governance Code

New code will require listed companies to have more independent board directors, promote management diversity, and improve environmental disclosures.

Japan’s Financial Services Agency (FSA) is reportedly preparing revisions to its corporate governance code that may require listed companies to allocate at least a third of their board seats to independent directors. According to the Financial Times, FSA commissioner Ryozo Himino said the review of the code will have three…

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