Number 11

The Cost of Government Deadlock: Taiwan’s Zombie Institutions

The deep partisan divisions rending Taiwan's government are no secret. Legislative push-back to President Lai Ching-te’s budgets has received international attention. Yinn-Ching Lu writes that much less attention has been paid both abroad and within Taiwan to a different manifestation of the power struggle between the branches: near-paralysis of the government appointment process. Critical institutions’ leadership ranks are being decapitated by the legislature’s refusal to approve presidential nominees, a phenomenon that Lu says may ultimately be more damaging to Taiwan’s democracy.

Focusing on ESG Could Prevent Disasters Like Fukushima

How much liability should company directors bear for extremely unlikely but extremely damaging accidents? Yoichiro Hamabe critiques a recent Tokyo High Court decision that excuses directors of liability for the devastating Fukushima nuclear power plant meltdown of 2011. He argues that imposing a heightened duty of care in high-risk sectors like nuclear power could encourage company directors to pay more attention to environmental risks and community safety, ultimately preventing disasters like Fukushima.