Corporate

Mergers are a major part of growing a business into a new overseas market.  In Japan there are two types of mergers: Absorption type mergers and Consolidation type mergers.

While not all companies issued them, share certificates were sometimes created by companies in Japan when issuing stock.  The certificates acted as physical proof of the ownership of the shares and transfer of a share certificate generally was legally recognized as transfer of the equivalent amount of company stock.

When forming a corporation in Japan, especially a company with multiple directors on its board, it is not unusual to have the shareholders appoint a company auditor as well.  The company auditor system is relatively unique to Japan and is rarely seen in corporate legal systems in America or Europe.  However, the position of company auditor has a long history in Japan and therefore has been incorporated into the modern Company Act.