Institute for Business and FinanceWaseda University


A Webinar Series on: “A New Concept of the Corporation” Co-organized by RIETI, ECGI and WBF


A Webinar Series on:

“A New Concept of the Corporation”

Co-organized by RIETI, ECGI and WBF (Waseda University Institute for Business and Finance)


Part 2: April 28th 16:00~17:30 JST (08:00~09:30 BST, 09:00~10:30 CET)


Theme: Fiduciary Duties under the New Conception of the Corporation


Over the last few years, and particularly since the onset of COVID-19, the purpose of the corporation has been the subject of active debate. In place of shareholder value maximization, new definitions of corporate purpose have been proposed, and their implications for law, regulation, ownership, governance, measurement and performance of business have been much discussed.

On the occasion of the publication of the Japanese translation of Colin Mayer’s book “Prosperity: Better Business Makes the Greater Good” in March 2021, WBF (Waseda University Institute of Business and Finance, together with RIETI (Research Institute of Economy, Trade and Industry) and ECGI (European Corporate Governance Institute), jointly organize a webinar series on the new concept of the corporation, the EU/UK experience and its lessons for Japanese corporate governance reforms.

The second part of the webinar series was held online via Zoom webinar (Japanese simultaneous interpretation) and YouTube Live (English only). Please see the following for this video.


Details of This Webinar

Language: English (Japanese simultaneous interpretation will be provided)

Target audiences: More expertized, ranging policy makers, market participants and business executives /IR practitioners


Topics: – New concept of the corporation

– Multi- vs single purpose debates

– European /UK experience on the purpose of firms and other international developments

– UK: CG code revision in 2018, motivation and consequences

– Implication of the new concept of corporation for Japan:

(1) The design of corporate law and interpretation of the duties of care of directors

(2) Reconsidering the conventional stakeholder model in Japan


Moderator:  Marco Becht (Université Libre de Bruxelles / ECGI)

Hideaki Miyajima (WBF / RIETI)

Introduction: 3 min Introduction of WBF, Icko Suzuki (WBF / ECGI)

Presentation 1: Colin Mayer (Oxford University, ECGI) 20 min

Presentation 2: Jennifer Hill (Monash University, ECGI) 20 min

Commentator 1: Katja Langenbucher (Goethe University, ECGI) 8 min

Commentator 2: Gen Goto (University of Tokyo) 8 min

Q/A: 30 minutes


▽Other parts of this  webinar

Part 1:

Part 3:

▽About RIETI

▽About ECGI

ECGI is a global research network and international scientific non-profit association providing a forum for debate and dialogue between academics, legislators and practitioners, focusing on major corporate governance and stewardship issues. It is a membership organisation open to all those with an interest in corporate governance and stewardship. Its 327 appointed research members publish their work on corporate governance in the ECGI Working Paper Series, a trusted source of global research used by practitioners and academics worldwide.

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