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Leader Professor Tatsuo Uemura | Mission |
Profile | Diector's voice
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Japanese corporate society has been ignorant about how a public corporation should react to the emerging intense securities market.
An effective and adequate corporation system should have the mechanism to verify the comprehensive power of corporate law, the civil law,
the criminal law, the dispute resolution law, judicial system, and auditing system bearable in an intense securities market.
Our institute brings the common concept of 'company and market' to the field of legal research, then, conducts large-scale comprehensive research to create views and proposals truly necessary for Japanese corporation and society.
The following comment given to us when selected as the 21st Century Center of Excellence represents our intention to establish the institute.
'This program is highly evaluated in the point where the purpose of the program is designated to pursue what Japanese corporation and society should be,
that is an urgent matter for our nation, by conducting historical and philosophical in-depth research on the fundamental structure of the system.'
Reviewing the corporate legal system is, in other words, questioning what the civil society should be.
When problems like a bankruptcy of Enron or WorldCom arises, stockholders will show their anger. However,
Japanese stockholders will rather stay calm because many of them are corporate stockholders while more than 90 percent of stockholders are individuals in the United States including institutional investors who work for individual investors.
In the Western nations, individual-centric civil society was historically born under the oppression by the guild or groups and it has brought the idea that a stock market should depend on individual investors.
Without an ideological background to tie civil society and corporate society closely, Japan created a corporation-centric society where two were separated during its rapid economic growth. To change it,
it needs to facilitate in-depth research on cautiousness against association, organization and corporation in the Western society, as well as on their histories and ideologies such as the philosophy of the Enlightenment and civil rights revolution which that cautiousness comes from.
Based on findings through these researches, Japanese corporate society has to find the way to shift toward the society where individuals are truly respected.
In considering corporate legal system with such a viewpoint as <<corporate and capital market legal system regulates the quality of civil society>>,
we need to overcome lack of the experience on which the Western nations cultivated individual-centric society.
Therefore, solid <<logic>> has to be created to fill the gap between Japan and the Western nations in terms of ideological background.
It is important for Japan to emphasize such an effort to compose theories of this field. Without the effort,
our work will result in simply reviewing Western failures. This is the reason we carries the phrase of 'Creating New Legal System' in our mission.
Many internal and external researchers consent our purpose and many research plans are developed. I strongly hope the new jurisprudence, moreover,
social science in the 21st century of Japan will arise from these researches that are collaborated beyond traditional framework of research field across different universities.
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