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Japan’s Corporate Governance Code Seeking Sustainable Corporate Growth and Increased Corporate Value over the Mid- to Long-Term (Draft Revision)

Japan Current 2021

It states companies should go beyond what is asked of them in disclosure regulations, including non-financial information, such as business strategies and business issues, risk, and governance.

Issuer notes

Jointly operated by the Financial Services Agency and TSE, the Council made proposals to revise the Code in order to advance governance reform.

More information

The Japan Corporate Governance Code (2021) requires companies listed on the TSE Prime Market to make disclosures based on the TCFD recommendations or an equivalent framework. For companies other than those listed on the JSX Prime Market, no single ESG Reporting Framework is prescribed, although companies are required to disclose their initiatives on sustainability.

Organizations covered by the instrument

All Companies

Industry scope

All/none specified

Status

Current

Country

Japan

Region

Asia Pacific

Date of publication

2021

Issuer type

Other

Reporting requirements

Codes, guidance, and questionnaires

Mandatory or voluntary

Voluntary

The geographical scope

National/federal

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