Despite global economic stagnation caused by the current financial turmoil, global trends in capitalism and market cultivation remain unchanged and accounting and corporate governance standards have a significant influence on Japanese companies. Economic development is vital to maintain an affluent Japanese society. The importance of corporate governance in sustaining increased corporate value is increasingly apparent to the corporations shouldering this burden as they are facing a global market. The Japan Association of Corporate Directors was established in March 2002 as a forum for corporate directors and managers to learn about management, focusing on corporate governance, and put these ideas into practice in order to develop their respective corporations and the Japanese economy as a whole. The Japan Association of Corporate Directors is comprised of 250 members from 160 companies including directors of listed companies, outside directors, institutional investors, as well as experts including university professors, lawyers, and accountants. Types Ecommerce B2B