미니형 위원회 제도의 필요성 가능성에 관한 사고 -일본 최신 회사법 개정을 시각으로-

On the Feasibility and Necessity of the New Committee System — In the Perspective of the Changes in Japan s Latest Company Law —

Since the mid-90s of last century, company law all around the world had experienced a period of loose regulation. Corporate governance under the company law of Japan (2005) was also eased. For instance, it expanded operators authority, gave them greater discretion, as well as relaxed the liability system. In 2007, however, the U.S. subprime crisis broke out, which led to the burst of the economic bubble and thus a long recession for world economy. As a result, the regulation over corporations strengthened once again. In 2015, Japan announced and implemented Amendments to Company Law which focused on strengthening corporate governance and regulating parent-subsidiary company relationship. In particular, the newly created mini-committee system causes us to consider what kind of market environment capital internationalization needs, how to establish and design the institutional system that the market needs, and how to achieve a flexible and transparent internal governance structure. In the transition period, imitation and manufacturing are necessary, but the ultimate goal should be creation, which is the most valuable thing we are supposed to achieve.