SIEM / Spaces of International Economy and Management

Events & Conferences

Contact information

Professor Dr. Rolf D. Schlunze

Humboldt University of Berlin, Department of Economic Geography / Ritsumeikan University, College of Business Administration

Manager training events

SIEM Workshop on Corporate Governance

Professors Rolf D. Schlunze and William Baber (Kyoto Univesity) conducted a workshop on Corporate Governance on Saturday, December 1st 2012 with 31 participants. The Co-auditors of BNP Paribas Securities Japan Limited, Mr. Charles Vacher and Takashi Kasagami, discussed Corporate Governance in International Groups with students and other professional participants. Ms. Tomoko Ohmae, President and CEO of PRARD Corporation, spoke about her career as a successful woman international manager in Japan. All participants got a firmly positive message that the interaction of students and professionals was valuable and that everyone learned something concrete from participating in this workshop.

After the workshop the students indicated that corporate governance is needed to survive in the global and local market. They felt the need for outside auditors and that it is more preferable for management to govern their corporate organizations properly with accountability than to be regulated by government, domestic or international organizations. Most students believe now that transparency and information sharing in the intercultural workplace is a powerful method to achieve corporate success because corporate government gives many perspectives not only for the board but for the entire organization improving teamwork and spirit. The students came to understand that nowadays international managers can successfully span boundaries when they have a clear vision of corporate governance. They now grasp the need to learn about global standards and prepare for change in the Japanese corporate governance landscape!
Professor Adam Acar from Kobe City University of Foreign studies shared some feedback at the end mentioning the importance of culture when it comes to corporate governance. He stated that information sharing, transparency, the decision-making process and the relationship between shareholders and stake holders are very likely to be influenced by cultural dimensions like power distance and local communication styles. In the brainstorming session after the workshop students came up with interesting ideas. They discussed Corporate Governance as a practice not well known among the "family-like" companies since those companies prefer internal rather than external control.
Students described those companies as sleeping elephants not yet willing to connect to the global community. They concluded that initial culture shock by Japanese employees of foreign companies could be also described as the learning about other firms that are more globally connected and innovative. Further, the students realized the value of cultural learning and corporate governance that seeks to achieve global competence and accountability. Finally, Japanese and international students from France, Sweden and Russia participating in the Cross-cultural management research course of Prof. Schlunze concluded that technology can be helpful in bringing different cultures together sharing similar values and practices concerning corporate governance. For example, IT can be applied for more transparency and a better accountability for heightening the trust of stakeholders globally in the corporation.