Journal Issues

Abstract- Corporate governance has emerged as a pivotal topic in contemporary management and legal studies, essential for maintaining capital market confidence and sustaining corporate competitiveness. This paper explores the conceptual frameworks and practical implementations of corporate governance in Taiwan and Japan. It begins by defining corporate governance through the lenses of Agency Theory and Stakeholder Theory, examining the balance between shareholder returns and broader social responsibilities. The study then analyzes the core supervisory mechanisms in both nations: Taiwan’s internal control systems rooted in the COSO framework and Japan’s dual-track structure involving the Statutory Auditor (Kansayaku) and Audit Committee systems. Finally, the paper identifies critical challenges facing both jurisdictions, including Taiwan's struggle with agency conflicts stemming from concentrated family ownership and Japan's structural rigidity and path dependence. The study concludes that both nations must address deep-rooted structural issues and integrate ESG considerations to align with global governance standards.

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