Co-founded the ICGJ with Takeshi Kadota and three other comrades in September, 2009; as Managing Director plays a key role in disseminating opinion and analysis through the Institute’s website as well as journal articles and media interviews; in organizing monthly seminars and creating and delivering customized educational programs; and consulting with corporate clients.
Posts held concurrently include: Supervisory and Audit Board Member of Financial Products Group Co., and Supervisory and Audit Board Member of Apparel-web Co. Ltd.
Previously established an independent consultancy to work with Japanese companies on risk management and internal control, and served as temporary consultant to the IFC, an organization of the World Bank engaged in a joint project with the Thai Government on securities market development.
Prior to that, spent many years working for U.S. financial institutions, including Cantor Fitzgerald, Citicorp and Citibank, N.A. in Tokyo – an experience that broadly covered fixed income securities, equities and foreign exchange, as well as derivatives of those financial instruments. Began his career in the corporate planning department of Hitachi Ltd. and subsequently joined the Hitachi Research Institute as a corporate economist and business planner.
Holds a B.A. from the Department of Economics at the University of Tokyo and an MBA from the Institut pour l’étude des methods de direction de l’entreprise (IMEDE, currently IMD) of Lausanne University.
Message to Global Investors from Masatoshi Yasuda, Executive Managing Director
Taking into consideration that at the headwater of the investment chain through which money flows from the pension and insurance systems down to fund management businesses there exist us, the people of our country, it seems to me that the management of every company needs to recognize that they owe fiduciary duties not only to shareholders but also to us as well.
The task of corporate governance is to insure that management fulfills its fiduciary duties in such a way that the company will achieve maximum sustainable growth and increase corporate value over the mid- to long-term. We believe that effective corporate governance, which allows management take bold strategic risks founded on prudent risk management, will revive the Japanese economy and benefit everyone. Involvement in the activities of the ICGJ has been, for me, a way of discharging a personally felt obligation to help speed that process along.
Up until a few years ago, you in the global investment community might have been skeptical about whether effective corporate governance as described above had been taking place in Japan. However, after the Japanese Stewardship Code was introduced in 2014 and the Corporate Governance Code was adopted as a part of the listing rules of the Tokyo Stock Exchange in 2015, circumstances around corporate governance have started to change significantly. One task of the ICGJ is to offer you an accurate view of what is going on in corporate governance here in Japan. We will do our best to help you understand the subject better and will be more than happy to field any questions you may have.