Representative director(Đại biểu thủ đế dịch,daihyō-torishimariyaku)is the position of the most seniorexecutivein charge of managing a corporation which is registered in Japan. As regulated by theCompanies Act of Japan,joint-stock companies incorporated in Japanmust have a representative director.[1]The representative director typically reports to the company'sboard of directorsand is responsible for maximizing the value of the business.[2]
Responsibilities
editCorporations registered in Japan have multiple directors. The representative director is a type of director with the company's highest authority and possesses the right to enter into business and signlegal contractson behalf of the corporation in Japan. The person holding this position is registered publicly on the official corporate register.[3]His or her statementslegally bindthe corporation.[4]
Limitations
editIn Japan, a representative director is not considered to be anemployeeof that company and is unable to receive certain benefits which are accorded to employees.[5]
References
edit- ^"Japan: Companies Act (Act No. 86 of July 26, 2005)".www.wipo.int.Retrieved2017-07-09.
- ^"Corporate Governance Review"(PDF).
- ^"Who can be a representative director and what are the residency requirements".shiodome.or.jp.Retrieved2017-07-09.
- ^"Japan's MoJ moves to make business easier for foreigners".www.globallegalpost.com.Retrieved2017-07-09.
- ^Latham & Watkins LLP - Hiroki Kobayashi (30 June 2010)."Ten questions on Japanese employment law | Lexology".Retrieved2017-07-09.