Leading High Performing Remote Teams
How can leaders ensure that performance remains high in remote or hybrid-work environments?
Content Marketing
In this course, you’ll learn how compelling blogs, videos, podcasts, and other media can reach customers and drive sales. You’ll also learn steps for creating an effective content marketing plan, and some important ways to measure its impact and success.
Content marketing is a essential digital marketing strategy for companies looking to provide relevant and useful information to support your community and attract new customers.
Get started on your content marketing journey today.
Sustainable Innovation in Times of Disruption: Choices for a Better Society
There are opportunities for progress all around us. The key is to innovate on these opportunities sustainably.
To help identify most effective path forward, you'll need to gain a global perspective to these challenges in an open discussion. How can Japan and the world take action to create a more sustainable, innovative world? Where do you fit in?
It's time to find out.
Social Media & Digital Communications: Impact on Global Public Opinion
Social and digital media have dominated the communications industry for decades. But it's no secret that social media has the power to sway public opinion, and the way in which many companies use these platforms could be seen as manipulative.
What do companies need to be aware of when utilizing social and digital media? How can these mediums be used to better communicate strategically with the world?
Discover what top media and communications experts have to say.
CAGE Distance Framework
Want to expand overseas? The CAGE distance framework can help ensure you're constructing a solid global strategy in four areas: cultural, administrative, economic, and geographic. Learn how to leverage useful differences between countries, identify potential obstacles, and achieve global business success.
Servant Leadership
There's more to leadership than driving a team to profit. In fact, there's a word for looking beyond self-interest to prioritize individual growth: servant leadership. Try this course for a quick breakdown of what that is, how it works, and how it can lead to organizational success.
Strategy: Creating Value Inside Your Company
Have you ever wondered why certain companies are more successful than others? The answer is strategy: internal processes that control costs, allocate resources, and create value. This course from GLOBIS Unlimited can give you the tools you need for that strategic edge.
Strategy: Understanding the External Environment
To plan strategy on any level, you need to understand your company's external environment. In fact, your level of understanding can impact hiring, budgeting, marketing, or nearly any other part of the business world. Want to learn how to do all that? This course from GLOBIS Unlimited is the perfect first step!
Using Japanese Values to Thrive in Global Business
Japanese companies have unique cultural, communication, and operational challenges. But they also have values that have led to remarkable longevity. Check out this seminar to hear how these values help earn trust from overseas head offices and develop employees.
Marketing: Reaching Your Target
Every company works hard to get its products into the hands of customers. Are you doing everything you can to compete? In this course, you’ll find a winning formula to turn a product idea into real sales. Follow along through the fundamentals of the marketing mix and see how companies successfully bring products to market.
Basic Accounting: Financial Analysis
Want to compare your performance vs. a competitor? Or evaluate a potential vendor? Then you'll need to conduct a financial analysis. This course will teach you how to use three financial statements and evaluate financial performance in terms of profitability, efficiency, soundness, growth, and overall strength.
Career Anchors
What drives you to be good at your job?
Career anchors are based on your values, desires, motivations, and abilities. They are the immovable parts of your professional self-image that guide you throughout your career journey.
Try this short GLOBIS Unlimited course to identify which of the eight career anchors is yours!
Leadership with Passion through Kokorozashi
The key ingredient to success? Passion.
Finding your kokorozashi will unify your passions and skills to create positive change in society. This GLOBIS Unlimited course will help you develop the values and lifelong goals you need to become a strong, passion-driven leader.
“We need a female independent director, now!”
If you work in executive recruitment, particularly in Japan, you may be getting these phone calls very frequently nowadays. Following the second revision of Japan’s Corporate Governance Code (often referred to as “the Code”) in June 2021, many listed companies started a frantic search for talent suitable for independent director positions—and many of them are looking for women.
The female factor in Japan’s corporate governance is on the rise.
The Code in Japan
The Japanese business community embraced the practice of corporate governance relatively late. It wasn’t until March 2015—following accelerated globalization and a string of corporate frauds—that the Financial Services Agency and Tokyo Stock Exchange jointly established Japan’s first Corporate Governance Code.
The Code stipulates a specific set of principles and guidelines of corporate governance for listed companies. It aims to guide those companies to achieve sustainable growth and increase corporate value over the mid-to-long term.
The Code received its first revision in 2018, and then another this year. This latest update proposes the addition of three points:
1. Enhancing board independence
2. Promoting diversity
3. Paying greater attention to sustainability and environment, society, and governance (ESG) goals
What is the relationship between these three points, particularly when it comes to generating higher corporate value? To answer that, there’s some underlying logic we need to understand. It can be explained by a simple formula:
Board Independence + Board Diversity = Business Sustainability
Next Article
The Future of Work Is More (and Better) Board Diversity
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Risk and Sustainability
As traditional finance theory suggests, corporations used to be encouraged to take higher risks to generate higher returns. However, as we learned over time, those risks came with widening economic gaps among populations and significant damage to the environment. According to Pew Research Center, the wealth gap between America’s rich and poor more than doubled between 1989 and 2016. Meanwhile, the World Economic Forum predicts that climate change will see one-third of the world living in desperately uncomfortable conditions by 2070.
Much of that damage can be traced back to reckless corporate risk-taking.
With urgent calls for sustainability and ESG in recent years, corporations are no longer allowed to continue exploiting limited resources or ignore the various concerns of stakeholders. The challenge for business leaders today is finding innovative ways to secure adequate returns for shareholders while significantly lowering the level of risk and damages associated with their business activities.
On top of supervision by societies and regulatory authorities, the Code was designed to play a decisive role in promoting the oversight of management decisions. To do that, companies need to bring in qualified, independent directors who can represent the diverse interests of both shareholders and societies—and stop corporations from damaging enterprise value.
The Female Factor in Japan’s Corporate Governance
The Code requires Japanese boards to be diverse in various ways, including gender, international experience, work experience, and age. In response, many companies are finding an easy place to start: female independent directors.
The Code dictates that women should make up one third of all of Japan’s board seats (that’s 24,777 seats within public companies nationwide as of March 2021). So how easy (or difficult) will it be to meet that quota for the female factor in Japan’s Corporate Governance Code?
According to data by Tokyo Shoko Research, Ltd., among 2,220 public entities, 7.4% of Japanese corporate board members were women as of March 2021. To meet the Code’s one-third target, Japanese corporations need to recruit an additional 5,600 qualified women.
It is undoubtedly a challenging journey, but giving up is not an option. Different organizations are taking on the challenge in different ways, though there are a few emerging trends. Many are seeking out female attorneys and academics for director positions. Former C-suite women, though scarce, are also willing to step in and pave the way.
Nikkei Business Publications reported (in Japanese) a promising number for companies in the first section of the Tokyo Stock Exchange, as of July 1, 2020: 927 women serving as outside directors. That’s an increase of about 20% from 2007, and a fifteen-fold increase over nine years. The report goes on to say that “the number of companies that have appointed two or more female outside directors increased to 171, up from 107 in 2007.” Among these, the leaders were Sony, Mitsubishi Motors, and Mitsubishi UFJ Financial Group, Inc. Each has four women serving as outside directors on their boards.
In other words, diversity on boards is, at last, accelerating.
The Future of Women on Japanese Boards
The female factor in Japan’s corporate governance has just started to emerge. But thanks to a clear directive set out by the Japanese Corporate Governance Code, women in board director positions are sure to be more prominent voices in Japan’s business landscape in the coming years.