Reading 11.4: Yoshimori

According to Masaru Yoshimori’s research, discussed in the article ‘Whose company is it? The concept of the corporation in Japan and the West’ (1995, in De Wit & Meyer, 2010, Reading 11.4), in which group of countries is the shareholder value perspective most prevalent?
1. The USA and Japan
2. The USA and Germany
3. All European countries
4. The USA and the UK.
According to Yoshimori’s research, discussed in the article ‘Whose company is it?…’ (1995, in De Wit & Meyer, 2010, Reading 11.4), in which of the following countries is the pluralistic concept of corporation predominant?
1. Scandinavian countries
2. Germany and Austria
3. South-Asian countries
4. Japan.
According to Yoshimori’s research, discussed in the article ‘Whose company is it?…’ (1995, in De Wit & Meyer, 2010, Reading 11.4), in which countries are both the shareholder, and the employee, perspectives taken into consideration?
1. Germany and France
2. Japan and Korea
3. Italy and Spain
4. None of the above.
Yoshimori (‘Whose company is it?…’, 1995, in De Wit & Meyer, 2010, Reading 11.4) has analyzed systems of corporate governance, in corporations from different countries. Which country’s system of corporate governance does he suggest is the best?
1. Japanese
2. A combination of the US and German systems
3. None
4. German
Based on Yoshimori (‘Whose company is it?…’ , 1995, in De Wit & Meyer, 2010, Reading 11.4), in the Japanese system of corporate governance, whose interest does the CEO represent?
1. The main bank
2. Employees and other stakeholders
3. Board of directors
4. Shareholders.
Banks play an important role, in the systems of corporate governance in large and open corporations, in the USA and Germany. According to Yoshimori (‘Whose company is it?…’ , 1995, in De Wit & Meyer, 2010, Reading 11.4), how is the role of banks for US companies different from that for German companies?
1. In the US system, banks are a protector from risk, whereas in the German system, banks are a lender
2. There is no significant difference
3. In the US system, banks are a lender, whereas in the German system, banks are a majority shareholder
4. In the US system, banks are an initiator of business activities, whereas in the German system, banks are a regulator of internal capital market.
Based on Yoshimori (‘Whose company is it?…’ , 1995, in De Wit & Meyer, 2010, Reading 11.4), what is one of the major dysfunctions of the Japanese concept of the corporation?
1. Significant bank’s involvement
2. Limited monitoring power of the chairman of the board
3. Cross-shareholdings
4. Unlimited power of the CEO/president.
According to Yoshimori (‘Whose company is it?…’ , 1995, in De Wit & Meyer, 2010, Reading 11.4), what is the major dysfunction of the corporate governance of the Western corporations?
1. Internal capital market
2. Too large a board of directors
3. Multiple directorships
4. Small number of inside directors on the board.