Magnifying glass shows a light bulb around the icon of a woman in a string of male icons

An Investor’s Lesson to Entrepreneurs

Business has the power to impact society for the better. But that doesn't mean entrepreneurs can't go wrong—and investors know that. Entrepreneur and venture capitalist Doug Mellinger shares some tips for realizing meaningful change.

Investing & Diversity: The Changing Faces of Venture Capitalists

Is the venture capital industry embracing diversity in investors? Watch global venture capitalists from around the world discuss the state of things and what needs to be done for a more inclusive future.

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.

Organizational Behavior and Leadership

Ever wonder what makes a great leader? Whether your role requires leadership or not, understanding organizational behavior is useful for your career. This course from GLOBIS Unlimited can set you on your way.

Leadership vs. Management

Leadership and management are different skills, but today’s leaders must have both. Try out this course from GLOBIS Unlimited to understand the difference, as well as when and why each skill is necessary for motivation, communication, and value.

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.

Turnaround Leadership: The Differences Between Japan and the West

What's the best way for leaders to communicate a shift in corporate strategy? How do you even know when it's time for such a change? This course explains how Japan might have one answer, Western companies another.

Conflict Management

Conflicts in the workplace are inevitable. But they can lead to positive outcomes if they’re managed well. Check out this online course for a two-step process that can help you manage conflict successfully.

Evernote Founder: How Tech Startups Can Break through in Japan

Can startup models from Hollywood and Silicon Valley succeed anywhere? Phil Libin, cofounder and CEO of startup incubator All Turtles, explains how AI can solve everyday problems to bring products to market.

Women Empowerment: Lessons from Cartier

How can women overcome gender inequality and reach their leadership goals? Cartier Japan CEO June Miyachi shares her secret in this special course from GLOBIS Unlimited.

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.

Marketing Mix

Seeing good products into the hands of customers is no easy task. The marketing mix can help. It's a collection of strategies and tactics companies utilize to get customers to purchase their products or services, and is an essential part of the overall marketing process.

The Principles of Negotiation

With the proper skills and attitude, anyone can become a successful negotiator.  But first, you'll need to learn the basics to prepare for, assess, and respond to offers for the best results. GLOBIS Unlimited can help.

Negotiation: Creating Value

Want to create more shared value between yourself and your negotiation opponent? Discover how cognitive bias affects the judgment of others. Try this course from GLOBIS Unlimited to master the value of negotiation.

Finding Your Life Purpose with Ikigai

Ikigai can guide you in your quest for self-discovery. Listen to Japanese brain scientist Ken Mogi explain why and how.

Maslow’s Hierarchy of Needs

Want to leverage Maslow's Hierarchy of Needs as a leader? Try this short course to see how the theory can be applied in practical work scenarios.

Confirmation Bias

We all subconsciously collect information that reinforces our preconceptions. It's natural . . . but it does lead to a kind of flawed decision-making called confirmation bias. To become more objective and impartial, check out this course from GLOBIS Unlimited!

An Investor's Lesson to Entrepreneurs

Entrepreneurs have the power to transform societies for the better. But how do you attract investors to start or grow a business? Or to sell one? Check out this seminar for the answers to these and more, straight from a master venture capitalist!

Managerial Accounting

Managerial accounting is a powerful way to measure progress, identify problems, and meet your goals. Check out this course to learn how data-backed decisions can help you run your business.

Finance Basics: 1

For a healthy mix of quantitative planning, evaluation, and management, you need solid decision-making. And finance is the secret sauce! Get the essentials of finance in this two-part course from GLOBIS Unlimited.

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!

Digital Marketing Psychology to Transform Your Business

How does digital marketing really differ from traditional marketing? How is social media changing things really? And what's going on in Asia?

Pyramid Structure

Having the pyramid structure in your communication toolkit can not only help you approach a problem, but convince others that your solution is valid. Break away from linear thinking and test your logical thinking with this course from GLOBIS Unlimited!

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.

AI First Companies – Implementation and Impact

AI is changing the way companies operate. How do you structure teams to increase efficiency?

Technovate in the Era of Industry 4.0

Is Industry 4.0 is the next step of human evolution human civilization? Dr. Jorge Calvo seems to think so. Join him to learn how the past can help you set goals for an exciting future of digital innovation.

Technovate Thinking

Business leaders of tomorrow need to harness the power of technology and innovation. That means understanding algorithms and how they drive business results. Discover opportunities to make technology work for your competitive edge.

Product Life Cycle

Every product takes a natural course through the market—there's a how, when, and why customers adopt products at different stages. Check out this course from GLOBIS Unlimited to find out how a product you use every day is part of this cycle.

Logic Tree

Logical thinking is the most valuable asset any business professional can have. That's why logic trees are such a valuable tool—they can help you identify a problem, break it down, and build it back up to a solution.

MECE Principle

Using the MECE principle can help ensure you categorize without gaps or overlaps. Check out this course from GLOBIS Unlimited for a practical demonstration of how it works!

“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

Womenomics, Board Diversity, and…Corporate Governance in Japan?

Corporate governance in Japan has traditionally been very weak. Investors are now leading the charge to change this and bring greater diversity to a landscape in desperate need of change.
A woman stands up in a meeting behind closed glass doors, talking to a diverse board as men in suits blur past in the foreground

How to Make an Innovative DEI Business Strategy: A Checklist

Are you jumping into diversity without understanding your unique pain points or systemic biases? Effective diversity starts with a solid DEI business strategy.
A row of multiracial women's hands lift up puzzle pieces to show the importance of thinking through a DEI business strategy

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.

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