Foreign Affiliates in Japan before the Second World War and those Corporate Governance: in focus to the Japan Steel Works, a Joint Venture (Big Munition-steel Company) by Britain and Japan

本研究的目的是分析二战前在日外国子公司的特点，以及以英日合资企业（大型军需钢铁公司）日本钢铁公司为重点的公司治理。关于日本钢铁工厂，已经澄清了一些特点。我在文章《一家军火钢公司与一战前后的英日关系：日本钢铁厂及其英国股东的公司治理》中展示了这些观点，见J. Hunter & S. Sugiyama（编），《英日关系史1600-2000》，卷4（经济和商业关系），伦敦：Palgrave出版社，2002年3月(日文版：东京大学出版社，2001年7月)，从公司治理的角度总结了我自己的书（弹药钢铁公司和英日关系的历史，东京：日本经济出版社，1998年）的要点。它证明了英国股东，即维克斯和阿姆斯特朗，通过使用“代理”制度成功地参与了日本钢铁工厂的高层管理。英国董事代理人在英国董事与日本董事之间发挥了积极的沟通作用。在《茨城市大学政治经济学刊》2002年3月第72期的另一篇文章《第一次世界大战前后的日本钢铁厂》中，我回答了对我自己的书的评论，并展示了1998年之后发现的几个重要事实。至于其他外国子公司，如：日本炸药公司成立于1905年，资本是阿姆斯特朗和维克斯-诺贝尔-奇尔沃斯的关系1918年被日本帝国海军收购，收集了许多材料和文件但这些成果还没有发表。

The purpose of this research is to analyse of the feature of the foreign affiliates in Japan before the second world war and those corporate governance in focus to the Japan Steel Works, a joint venture (big munition-steel company) by Britain and Japan.As to the Japan Steel Works, some features have been clarified. I showed those in the article, 'A Munition-Steel Company and AngloJapanese Relations before and after the First World War: The Corporate Governance of the Japan Steel Works and its British Shareholders', in J. Hunter ＆ S. Sugiyama (eds.), The History of Anglo-Japanese Relations 1600-2000, vol.4 (Economic and Business Relations), London: Palgrave, March 2002 (Japanese version: Tokyo University Press, July, 2001), summarized essential points of my own book (A History of the Munition-Steel Company and Anglo-Japanese Relations, Tokyo: Nihon Keizai hyoron-sha, 1998) from the view point of the Corporate Governance. It demonstrated that the British Shareholders, i.e., Vickers and Armstrongs had successfully involved in the top-management of the Japan Steel Works by using the 'proxy' system. The proxies of British directors played an important role as an active communicator between the British directors and their Japanese counterparts. In another article, 'The Japan Steel Works before and after the First World War', The Journal of Political Science and Economics, Ibaraki University, No. 72, March 2002, I replied to the reviews on my own book and showed several important facts found after 1998.As to other foreign affiliates, eg. the Japan Explosives Company which was incorporated in 1905 with a capital of Armstrongs and the Vickers-Nobel-Chilworth connection and was acquired by the Imperial Japanese Navy in 1918, many materials and documents have been gathered but those fruits have not been published yet.