Accounting for Corporate Governance

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The following tentative conclusions have been drawn from the research results, in particular, my serialized papers, "Accounting for Corporate Governance," KAIKEI, April 2005 to August 2005 :Firstly, a framework for "accounting for corporate governance" should be based on business strategy ; management is required that accounting policy has explicitly formulated upon the fundamental management objective ;Secondly, the sourcing, processing and communicating of financial information rather than disclosure itself is a prime issue for accounting for corporate governance ; of the primary concern is constructing the whole process within an organization involving financial information ; therefore, accounting for corporate governance is more closely related to the organizational design ;Thirdly, the primary user of financial information should be identified in reconstructing the framework for accounting for corporate governance ; we have focused on the institutional investors on behalf of the individuals, who entrust their cash to pension funds, mutual funds, and life insurances.