Governance

FSI's research on the origins, character and consequences of government institutions spans continents and academic disciplines. The institute’s senior fellows and their colleagues across Stanford examine the principles of public administration and implementation. Their work focuses on how maternal health care is delivered in rural China, how public action can create wealth and eliminate poverty, and why U.S. immigration reform keeps stalling. 

FSI’s work includes comparative studies of how institutions help resolve policy and societal issues. Scholars aim to clearly define and make sense of the rule of law, examining how it is invoked and applied around the world. 

FSI researchers also investigate government services – trying to understand and measure how they work, whom they serve and how good they are. They assess energy services aimed at helping the poorest people around the world and explore public opinion on torture policies. The Children in Crisis project addresses how child health interventions interact with political reform. Specific research on governance, organizations and security capitalizes on FSI's longstanding interests and looks at how governance and organizational issues affect a nation’s ability to address security and international cooperation.

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Since Abenomics launched corporate governance reforms as the third arrow of its policies mix, a series of reform measures were introduced such as the Stewardship Code, Corporate Governance Code, and the organization of JPX 400 by the Tokyo Stock Exchange. In this presentation, I firstly summarize recent changes of governance arrangements in Japanese firms, focusing on the trend of listing and de-listing, ownership changes, rapid deleveraging, the rise and fall of activism, gradual increase of independent directors, and modest use of high-powered incentives. I characterize these changes as a hybridization of corporate governance. Then, I suggest an agenda for how to fine tune hybrid structures: the reestablishment of mega-banks and client firms, the role of block shareholders, a new long-term commitment scheme post cross shareholding, the choice of management or monitoring boards, and the use of pay for performance associated with long-term employment.

 

Hideaki Mi

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yajima is Director, Waseda Institute for Advanced Study(WIAS), Professor of Japanese Economy, Ph.D. in Commerce, Graduate School of Commerce, Waseda University. He teaches about the Japanese economy and corporate governance in Japan. He finished his Ph.D coursework at the University of Tokyo in economics, got a position as Research Associate at the University of Tokyo Institute of Social Sciences, and then moved to Waseda University. He stayed at Reischauer Institute of Japanese Studies, Harvard University, as a visiting scholar from 1992-94 and 2004-05. He was asked to consult by several institutions such as the World Bank, Hawaii University, Hebrew University, and Korean Development Institute. He was also appointed at numerous positions: Faculty Fellow, Research Institute of Economy, Trade & Industry, a Special Research Fellow of Policy Research Institute (Ministry of Finance), Research Fellow of EHESS (Paris), and an Adjunct Professor of Chung-Ang University (Seoul). He has written several books and numerous papers including: The Ownership of Japanese Corporations in the 20th Century, Review of Financial Studies, 2014, Benchmarking Business Unit Governance in Turbulent Times: The Case of Japanese Firms, Benchmarking: An International Journal, 2012, The Global Financial Crisis and the Evolution of Corporate Governance in Japan, laviedesidees.fr, 2009, Corporate Governance in Japan, Oxford University Press, 2007 (co-edited), Changes and Continuity in Japan, Routledge Curzon Press, 2002 (co-edited), Policies for Competitiveness, Oxford University Press, 1999 (co-edited).

Corporate Governance Reform in Japan
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Hideaki Miyajima Director, Waseda Institute for Advanced Study and Professor, Waseda University
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Abstract:

In Revolution and Rebellion in the Early Modern World, I showed that turning points in global population trends have been driving waves of political stability or crisis for at least the last 500 years. We are currently seeing a new turning point, as rich countries enter a period of workforce decline and emerging markets divide into those with falling fertility vs. stable and still-high fertility. Drawing on experience from previous centuries in Europe and Asia, we can forecast political trends; these include a new wave of revolutions in Africa and the Middle East and a surge in populist and protectionist politics in Europe and the U.S., but also eventual peaceful transitions to democracy in Russia and China.

 

Speaker Bio:

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Jack A. Goldstone (PhD Harvard) is the Virginia E. and John T. Hazel, Jr. Professor of Public Policy at George Mason University. Previously, Dr. Goldstone was on the faculty of Northwestern University and the University of California, and has been a visiting scholar at Cambridge University and the California Institute of Technology. He is the author of Revolution and Rebellion in the Early Modern World, awarded the 1993 Distinguished Scholarly Research Award of the American Sociological Association; Why Europe? The Rise of the West in World History; and co-editor of Political Demography: How Population Changes are Reshaping International Security and National Politics. He has been a Fellow at the Center for Advanced Study at Stanford University, and won Fellowships from the Guggenheim Foundation, the MacArthur Foundation and the American Council of Learned Societies. He has also won the Arnoldo Momigliano Award of the Historical Society, the Myron Weiner award of the International Studies Association, and been Holbrooke lecturer at the American Academy in Berlin. His current research focuses on conditions for building democracy and stability in developing nations, the impact of population change on the global economy and international security, and the cultural origins of modern economic growth.

Jack A. Goldstone Virginia E. and John T. Hazel, Jr. Professor of Public Policy at George Mason University
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Drell Lecture Recording: https://youtu.be/K8qLqJwi4Qc

 

Drell Lecture Transcript: NA

 

Speaker's Biography: Admiral Inman graduated from the University of Texas at Austin in 1950, and from the National War College in 1972.  He became an adjunct professor at the University of Texas at Austin in 1987.  He was appointed as a tenured professor holding the Lyndon B. Johnson Centennial Chair in National Policy in August 2001.  He served as Interim Dean of the LBJ School of Public Affairs from 1 January to 31 December 2005 and again from January 2009 to March 2010.

Admiral Inman served in the U.S. Navy from November 1951 to July 1982, when he retired with the permanent rank of Admiral.  While on active duty he served as Director of the National Security Agency and Deputy Director of Central Intelligence.  After retirement from the Navy, he was Chairman and Chief Executive Officer of the Microelectronics and Computer Technology Corporation (MCC) in Austin, Texas for four years and Chairman, President and Chief Executive Officer of Westmark Systems, Inc., a privately owned electronics industry holding company for three years.  Admiral Inman also served as Chairman of the Federal Reserve Bank of Dallas from 1987 through 1990.

Admiral Inman’s primary business activity since 1990 has been investing in start-up technology companies, where he is a Managing Director of Gefinor Ventures and of Limestone Capital Advisors.  He serves as a Trustee of the American Assembly and the California Institute of Technology.  He is an elected Fellow of the National Academy of Public Administration.

Admiral Bob R. Inman National Security Agency
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David Timberman is a political analyst and development practitioner with 30 years of experience analyzing and addressing political and governance challenges, principally in Southeast and South Asia. Recently he was a Visiting Professor of Political Science at De La Salle University in Manila, where he taught courses on Southeast Asian politics and policy reform in the Philippines. As a Technical Director at MSI he has conducted or managed multiple assessments, studies and evaluations intended to inform US government development strategies and programs. As a senior democracy and governance (DG) advisor in USAID’s Asia Near East Bureau he advised USAID Missions on the development of their DG and conflict strategies and programs. As a senior DG advisor to USAID Indonesia he was deeply involved in the design and implementation of elections, civil society, parliamentary strengthening and anti-corruption programs. Through his positions with the National Democratic Institute and the Asia Foundation he worked closely with political parties and NGOs across Asia. He has lived and worked in the Philippines, Indonesia and Singapore, including experiencing first-hand the democratic transitions in the Philippines (1986-1988) and Indonesia (1998-2001). He has written extensively on political and governance issues in the Philippines and has edited or co-edited multi-author volumes on the Philippines, Cambodia and economic policy reform in Southeast Asia. He holds a MA in International Affairs from Columbia University and a BA in political science (with honors) and history from Tufts University. 

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2016-2017 Lee Kong Chian NUS-Stanford Fellow on Contemporary Southeast Asia
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Since assuming the presidency of the Philippines in June 2016 Rodrigo Duterte has been the focus of considerable international attention because of his brusque personality and two dramatically new policies: 1) a take-no-prisoners war on illegal drugs that has resulted in the deaths of over 6,000 alleged drug pushers and users; and 2) an abrupt distancing of relations with the United States coupled with an enthusiastic embrace of China. But considerably less attention is being paid to the Duterte government’s other policies or to the underlying political dynamics that will determine the efficacy of his government and, perhaps, the future of liberal democracy in the Philippines. The speaker will situate the Duterte government in the context of Philippine’s democratic experience, identify the political dynamics that are likely to determine its future, and assess the multiple threats to liberal democracy in the Philippines.

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David Timberman is a political analyst and development practitioner with 30 years of experience analyzing and addressing political, governance and conflict-related challenges, principally in Southeast and South Asia.  As a Visiting Scholar at Stanford/APARC he is working on a book on the contemporary Philippine political economy.  During 2015-2016 he was a Visiting Professor of Political Science at De La Salle University in Manila. He has lived and worked in the Philippines, Indonesia and Singapore, including experiencing first-hand the democratic transitions in the Philippines (1986-1988) and Indonesia (1998-2001). He has written extensively on political and governance issues in the Philippines and has edited or co-edited multi-author volumes on the Philippines, Cambodia, and economic policy reform in Southeast Asia.

 

David G. Timberman 2016-2017 Lee Kong Chian NUS-Stanford Fellow on Contemporary Southeast Asia
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Improving the U.S.-China relationship is a focus at the Center for International Security and Cooperation.

CISAC continued this tradition in co-sponsoring the 8th Sino-U.S. Security Relations and Cooperation Conference in Beijing from Dec. 14-15, 2016. The conference was hosted and co-sponsored by the Foreign Ministry's China Institute of International Studies (CIIS).

Ambassador Su Ge, president of CIIS, attended the conference and delivered an opening remark. FSI’s Thomas Fingar and Teng Jianqun from CIIS chaired the conference.

Fingar said, “Although held at a time of uncertainty about the future of U.S.-China relations, the conference included constructive exchanges on strategic stability, obstacles to cooperation in space, and other sensitive topics.”

He added, “The exchanges were frank and constructive because they built on the foundation of understanding and trust developed through years-long exchanges between CISAC and CIIS. In the next phase, small teams of American and Chinese experts will develop joint blueprints to enhance understanding of issues critical for nuclear stability and space cooperation.”

CISAC co-founder John W. Lewis has been active for many years encouraging and supporting better ties between the U.S. and China. He is an expert on Chinese politics, U.S.-China relations, China's nuclear weapons program, U.S. policy toward Korea and health security issues in northeast Asia.

During this most recent Beijing conference, scholars and security experts from both the U.S. and China held in-depth discussions on topics including cybersecurity, outer space cooperation, maritime dispute management, missile defense, grey zone cooperation, and China-U.S. nuclear issues.

The American attendees included scholars from CISAC (Fingar, Brad Roberts, and Joseph Torigian); Brad Roberts, director, Center for Global Security Research, Lawrence Livermore National Laboratory; Major General Roger W. Burg, former commander, 20th Air Force; Vice Admiral Michael Connor (retired), U.S. Navy; Lieutenant General Susan J. Helms (retired), U.S. Air Force general and former NASA astronaut; Lieutenant General James M. Kowalski (retired), U.S. Air Force general; Steven M. Benner,chief, Strategy and Campaign Division, U.S. Strategic Command, among others.

The Chinese experts came from a variety of institutions – CIIS, China Academy of Engineering Physics, the People’s Liberation Army (PLA) Rocket Force, Rocket Force College, China Defense Science and Technology Information Center, PLA Navy Academy of Military Science, PLA South Command, Chinese Academy of Social Science, Renmin University of China, National Defense University, Tsinghua University, etc. 

Follow CISAC at @StanfordCISAC and on Facebook at www.facebook.com/StanfordCISAC

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Due to venue capacity limits, we are no longer accepting RSVPs for this event.

 

India prides itself on being the "world's largest democracy". In some respects it is certifiably democratic; as in the regular conduct of free and fair elections. But in other respects there are deficits. One such area is freedom of expression. While Indian writers, artists and film-makers are certainly freer than their counterparts in totalitarian countries such as China, they are less free when compared to their colleagues in democracies such as Sweden or the United States. This lecture identifies eight distinct threats to freedom of expression in India, the most important of which are the presence of archaic colonial laws and the rise of identity politics.

 

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 Guha is a historian and biographer based in Bangalore. He has taught at the universities of Yale and Stanford, held the Arné Naess Chair at the University of Oslo, and been the Indo-American Community Visiting Professor at the University of California at Berkeley. In the academic year 2011-2012 he served as the Philippe Roman Professor of History and International Affairs at the London School of Economics.

Guha’s books include a pioneering environmental history, The Unquiet Woods (University of California Press, 1989), and an award-winning social history of cricket, A Corner of a Foreign Field (Picador, 2002). India after Gandhi (Macmillan/Ecco Press, 2007) was chosen as a book of the year by the Economist, the Washington Post, the Wall Street Journal, the San Francisco Chronicle, Time Out, and Outlook, and as a book of the decade in the Times of India, the Times of London, and The Hindu. His most recent book is Gandhi Before India (Knopf, 2014), which was chosen as a notable book of the year by the New York Times.

Apart from his books, Guha also writes a syndicated column, that appears in six languages in newspapers with a combined readership of some twenty mllion. Guha’s books and essays have been translated into more than twenty languages. The New York Times has referred to him as ‘perhaps the best among India’s non fiction writers’; Time Magazine has called him ‘Indian democracy’s pre-eminent chronicler’.

Ramachandra Guha’s awards include the Leopold-Hidy Prize of the American Society of Environmental History, the Daily Telegraph/Cricket Society prize, the Malcolm Adideshiah Award for excellence in social science research, the Ramnath Goenka Prize for excellence in journalism, the Sahitya Akademi Award, and the R. K. Narayan Prize. In 2009, he was awarded the Padma Bhushan, the Republic of India’s third highest civilian honour. In 2008, and again in 2013, Prospect Magazine nominated Guha as one of the world’s most influential intellectuals. In 2014, he was awarded an honorary doctorate in the humanities by Yale University. In 2015, he was awarded the Fukuoka Prize for contributions to Asian studies.

 

About the colloquia:

In 2014, Indian voters gave Narendra Modi and the BJP a mandate to accelerate India’s economic reforms and revitalize its foreign relations, in particular with the United States and with partners in East Asia. But the pace and depth of reforms and economic transformation have not met the high expectations, despite strong GDP performance. Economic growth remains uneven, job creation sluggish, and massive infrastructural and administrative problems continue to trouble many sectors of the economy. After twenty-five years of economic reforms, India’s potential as a new global industrial hub has still not been realized and its vast resources of labor and talent remain underdeveloped.

During the 2017 winter and spring quarters Shorenstein APARC and the Center for South Asia will host a series of lectures and discussions that explore what makes India democratic and dynamic, and the obstacles that prevent the country from realizing its enormous potential.

Also, in 2017, the next Global Entrepreneur Summit will be in India, sequel to the 2016 Stanford-hosted Summit. This colloquium will help prepare for that event by reaching out to scholars, students, interested stakeholders, business leaders and others in the Bay Area.

This colloquia is co-sponsored with the Stanford Center for South Asia 

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Siegfried Hecker wrote the following op-ed for the Jan. 12 edition of The New York Times:

Since my first visit to North Korea’s Yongbyon nuclear complex in 2004, I have witnessed the country’s nuclear weapons program grow from a handful of primitive bombs to a formidable nuclear arsenal that represents one of America’s greatest security threats. After decades of broken policies toward Pyongyang, talking to the North Koreans is the best option for the Trump administration at this late date to limit the growing threat.

North Korea broke out to build the bomb because President George W. Bush was determined to kill President Bill Clinton’s 1994 “Agreed Framework,” a bilateral agreement with the North to freeze and eventually dismantle the North’s nuclear program. Hard-liners in the Bush administration viewed it as appeasement. Mr. Bush labeled the North, along with Iran and Iraq, part of an “axis of evil” in January 2002.

At the first bilateral meeting with Kim Jong-il’s regime in Pyongyang in October 2002, Bush administration officials accused North Korea of violating the Clinton pact by clandestinely pursuing the uranium path to the bomb. Washington had already detected this effort in the late 1990s, but it was deemed an insufficient threat not worthy of jeopardizing the gains made by the plutonium freeze.

For the Bush administration, the clandestine uranium effort was all it needed to walk away from the Agreed Framework. Yet Mr. Bush’s team proved unprepared for the consequences and stood by as North Korea resumed its plutonium program and built the bomb.

During six visits between 2004 and 2009, I watched the North continue to try to engage Washington, while the Bush administration preferred the six-party talks led by China, believing that the North would have greater difficulty cheating in the context of multilateral diplomacy. In a 2004 visit, I was even allowed to hold a piece of plutonium — in a sealed glass jar — to convince me and Washington that North Korea had the bomb.

In September 2005, China orchestrated a six-party joint statement calling for a nuclear-weapon-free Korean Peninsula. When the Bush administration concurrently slapped financial sanctions on Pyongyang, the North Koreans walked out of the six-party talks and responded with their first nuclear test in October 2006.

I was in Pyongyang three weeks later and found that although the test was only partly successful, it marked a turning point in the North’s nuclear program. North Korea became a nuclear weapon state and insisted that all future negotiations proceed from that reality. Mr. Bush left office with the North most likely possessing up to five plutonium-fueled nuclear weapons and an expanding uranium program.

North Korea greeted the Obama administration with a long-range rocket launch, followed by a second nuclear test in May 2009 — this one, successful. Unlike the Bush administration, which faced the prospect of the North’s violating the Nuclear Nonproliferation Treaty, the Obama administration faced the North’s steady march to an expanding arsenal.

Mr. Obama was also unwilling to engage directly with Pyongyang, insisting instead that the North denuclearize before starting talks. It appears the Obama administration also viewed the regimes of Kim Jong-il and his son and successor, Kim Jong-un, as repugnant and hoped for their collapse, while also staying in step with two conservative South Korean administrations. Mr. Obama’s preferred path has been to tighten United Nations and United States sanctions and to pressure Beijing to rein in Pyongyang. Neither strategy has stopped the Kim regime from expanding its nuclear program.

Pyongyang upped the ante on its nuclear program with a remarkable revelation during my seventh and last visit in November 2010: the existence of a modern uranium centrifuge facility in Yongbyon. That facility served notice that the North was now capable of pursuing the second path to the bomb. No outsiders are known to have been in Yongbyon since my 2010 visit.

Satellite imagery of the Yongbyon complex combined with official North Korean propaganda photos and three additional successful nuclear tests point to a robust and rapidly expanding nuclear arsenal. My best estimate, admittedly highly uncertain, is that North Korea has sufficient plutonium and highly enriched uranium to build 20 to 25 nuclear weapons.

The North also launched some two dozen missiles in 2016, including partly successful road-mobile and submarine-based missiles that could potentially carry nuclear warheads.

President-elect Donald J. Trump faces a much graver threat from the North than his two predecessors. Pyongyang can most likely already reach all of South Korea, Japan and possibly even some United States targets in the Pacific.

The crisis is here. The nuclear clock keeps ticking. Every six to seven weeks North Korea may be able to add another nuclear weapon to its arsenal. All in the hands of Kim Jong-un, a young leader about whom we know little, and a military about which we know less. Both are potentially prone to overconfidence and miscalculations.

These sensitive nuclear issues require focused discussions in a small, closed setting. This cannot be achieved at a multilateral negotiating table, such as the six-party talks.

Mr. Trump should send a presidential envoy to North Korea. Talking is not a reward or a concession to Pyongyang and should not be construed as signaling acceptance of a nuclear-armed North Korea. Talking is a necessary step to re-establishing critical links of communication to avoid a nuclear catastrophe.

Mr. Trump has little to lose by talking. He can risk the domestic political downside of appearing to appease the North. He would most likely get China’s support, which is crucial because Beijing prefers talking to more sanctions. He would also probably get support for bilateral talks from Seoul, Tokyo and Moscow.

By talking, and especially by listening, the Trump administration may learn more about the North’s security concerns. It would allow Washington to signal the strength of its resolve to protect its allies and express its concerns about human rights abuses, as well as to demonstrate its openness to pragmatic, balanced progress.

Talking will help inform a better negotiating strategy that may eventually convince the young leader that his country and his regime are better off without nuclear weapons.

Siegfried S. Hecker, emeritus director of the Los Alamos National Laboratory, is a senior fellow at the Center for International Security and Cooperation at Stanford University. 

Click here to read this story on The New York Times web site. A version of this op-ed appears in print on Jan. 13, 2017, on Page A9 of the New York edition with the headline: The U.S. must talk to North Korea. 

 

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Pedestrians walk before the portraits of former North Korean leaders Kim Il-Sung, left, and Kim Jong-Il, right, in Pyongyang in 2016. Siegfried Hecker says that bilateral talks between the U.S. and North Korea may eventually convince that country's leadership that their regime is better off without nuclear weapons. | Ed Jones/AFP/Getty Images
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