Private Pensions and Corporate Governance

The article explores the influence of private pensions on Corporate Governance and puts the US and the UK as well as Germany and Japan. Due to old age security system relying on private pensions, the Corporate Governance systems of the US and the UK have been influenced to a significant degree by private pension instititutions. In Germany and Japan, private pension are less important but corporate governance principles promoted by international investors shape the Corporate Governance system in the respective countries as well.