Thursday, October 8, 2009

Directors of Japanese Company

The Companies Act of Japan has significantly changed, but many companies are not making full use of its benefits.

In former Company Law, a kabushiki kaisha (joint-stock corporation, most frequently used legal entity in Japan) needs at least three directors and one auditor. Currently, there is no restriction on the number of director, and to have the auditor or not is left to the company's discretion.

If you appointed directors and auditors for form's sake in the past, you can reduce the number of directors and auditors under the new Companies Act.

2 comments:

Anonymous said...

Hello Ando-san! Nice blog and nice post! I think you blog will be useful for people who want to start a business in Japan. By the way, I am writing on a similar topic, please come and visit my blog!
http://kotchev.wordpress.com/
Any comments from you will be deaply appreciated.
Keep up the good work!
Regards: Alexander, Sapporo

tds said...

Thanks for visiting my blog, Alexander-san.
I read your blog and found it very useful!

Resident representative is not necessary for Japanese corporations

A resident representative is no longer necessary for Japanese corporations (Note: A resident representative is still necessary for a branch ...