SEC, Japan Cooperate On Corporate Governance

Law360, New York (January 30, 2006, 12:00 AM EST) -- The U.S. Securities and Exchange Commission and the Japanese Financial Services Agency have begun a joint effort to protect cross-border investors and companies, agreeing to a series of dialogues about issues such as corporate governance and internal controls.

Japan’s FSA and the SEC initiated talks last May, at which time commissioners from both agencies met to discuss corporate governance and the convergence of accounting standards.

After agreeing to establish a formal dialogue, the FSA and the SEC identified several agenda items for 2006, including accounting and...
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