Stewardship Across Generations: A Stronger Model For Japan's Boards

AllianceBernstein (AB)4.99K FollowersFollow5ShareSavePlay(7min)SummaryJapanese companies favor seniority, but there may be material benefits to multigenerational boards.Japan has made major strides in corporate governance over the past decade. Reforms have included increasing board independence and modernizing committee structures.Corporate boards in Japan have long been characterized by seniority and continuity against a backdrop of lifetime employment.Sanrio, the company behind the popular Hello Kitty brand, has long held a rich portfolio of valuable intellectual property. But historically, its business model focused largely on domestic merchandise sales.

Ashi Sae Yang/iStock via Getty Images By Bob Herr, Zhiyuan Tao, CFA and Haruna Usui, CMA Japanese companies favor seniority, but there may be material benefits to multigenerational boards. Japan has made major strides in corporate governance over theThis article was written byAllianceBernstein (AB)4.99K FollowersFollowAB is a research-driven investment firm that combines investment insight and innovative thinking to deliver results for our clients. At AB we believe that research excellence is the key to better outcomes and as a result we have built a global firm with exceptional research capabilities. We offer a broad array of investment services that span geographies and asset classes to meet the needs of private clients, mutual fund investors and institutional clients around the world.