Of Activist Mayors and Nuclear Reactors: The Osaka v Kansai Electric Saga and Japan's Curious Regime Governing Shareholder Access to Minutes of Board Meetings

Journal of Japanese Law (J. Japan. L.)/Zeitschrift für Japanisches Recht (ZJapanR), Nr. 40, 2015, Forthcoming

NUS - Centre for Asian Legal Studies, Forthcoming

NUS Law Working Paper No. 2015/013

33 Pages Posted: 19 Oct 2015 Last revised: 14 Dec 2015

See all articles by Alan K. Koh

Alan K. Koh

Nanyang Business School

Eiji Takahashi

Osaka City University

Date Written: October 19, 2015

Abstract

Shareholders of Japanese stock companies (kabushiki-kaisha) have certain information rights, but these rights depend on the specific variant of corporate form adopted. In companies adopting a variant with a board of directors (torishimariyaku-kai), shareholder access to minutes of meetings of boards of directors for the purpose of inspection and making copies thereof is subject to court permission. In this article, we introduce and analyze this regime of shareholder access, which has heretofore received scant attention in the English-language literature, within the context of shareholder information rights under Japanese law and in comparative perspective. We also discuss in particular the recent case of City of Osaka v. Kansai Electric Power Company, in which an anti-nuclear activist mayor used this regime of shareholder access successfully to obtain information from an electric power company on its nuclear power operations.

Keywords: Japanese law, corporate law, board of directors, shareholder information rights

Suggested Citation

Koh, Alan K. and Takahashi, Eiji, Of Activist Mayors and Nuclear Reactors: The Osaka v Kansai Electric Saga and Japan's Curious Regime Governing Shareholder Access to Minutes of Board Meetings (October 19, 2015). Journal of Japanese Law (J. Japan. L.)/Zeitschrift für Japanisches Recht (ZJapanR), Nr. 40, 2015, Forthcoming; NUS - Centre for Asian Legal Studies, Forthcoming; NUS Law Working Paper No. 2015/013. Available at SSRN: https://ssrn.com/abstract=2675897

Alan K. Koh (Contact Author)

Nanyang Business School ( email )

Nanyang Technological University
Block S3, 50 Nanyang Avenue
Singapore, 639798
Singapore

HOME PAGE: http://www.alankkoh.com

Eiji Takahashi

Osaka City University ( email )

3-3-138, Sugimoto
Sumiyoshi-ku
Osaka 558-8585
United States

HOME PAGE: http://www.law.osaka-cu.ac.jp/english/prof/takaha_e.htm

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