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Thursday, March 11, 2010
News Making Money

51% Of New Execs Put Workers Before Shareholders: Survey

05/08/2009 11:48 (218 Day 03:32 minutes ago)

The FINANCIAL -- More than half of newly appointed senior executives place the highest priority on the interests of employees, a recent survey shows.

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"The Japan Management Association's survey was based on 299 responses to questionnaires sent to 897 board directors and 607 executive officers of listed Japanese firms who were appointed to their positions between January and June of this year," Nikkei News informs.


It found that 51.6% attach the highest importance to the interests of employees. The figure is 6.3 percentage points higher than last year and marks the first time it has exceeded 50% since the group began taking the poll.


Meanwhile, a record low 19.0% of those polled reported attaching highest priority to shareholder interests.


At the same time, 24.5% of directors said they would support "American-style management," which focuses on short-term results, while 75.0% said they support "the Japanese style of management" that is more oriented to long-term results.

 

 

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