Chief financial officers in Japan may have to take more autonomy over their roles to ensure they keep shareholders happy, avoid scandals and prioritise treasury related issues. In Japan, corporate decisions are often subject to a process called nemawashi, where lots of employees from varied levels of the company participate in making important calls. But the new Governance Code, which places an importance on companies' responisbilty to shareholders, means that CFOs will have to take more accountability for finance and treaury decisions.