Keywords

• hostile bids • 
• European takeover directive • 
• takeover defenses • 
• voting rights • 
• break-through rule • 
• corporate control • 
• poison pill • 
• takeover debate in the U.S. • 
• monitoring of management • 
• Delaware Law • 
• indipendent directors • 
• executive compensation • 
• courts • 
• ownership structure • 
• Japanese Commercial Code • 
• legal systems • 
• Japanese corporate governance.