At the beginning of 2005 saw the first hostile takeover in Japan. Financed by foreign capital, the seizure struck Japan's traditional business establishment, which now fear that the threat of a hostile takeover, finally become a reality in Japan. Meanwhile, Japan has also been through numerous accounting scandals involving public companies and has seen significant changes in disclosure and corporate governance rules and regulations for issuers of publicly traded securities, and their officers and directors. At the same time, Mr. Hidezo Terai, President of the World Ltd, Japan ("World"), a publicly traded apparel company on the stock exchanges of Tokyo and Osaka stock, the company is returning to its own limited status and list it on both stock exchanges. The Company believes this way will allow them to implement the control system for a quick and flexible response to the ever-changing fashion. Market, on the other hand was suspected that the move was motivated by the need to seek relief from the new disclosure and corporate governance rules and regulations, as well as to protect the world from a possible hostile takeover "Hide
by Mitsuru Misawa Source: University of Hong Kong, 19 pages . Publication Date: January 3, 2008. Prod. #: HKU699-PDF-ENG
