(Editor's note: This article, which was originally published on Aug. 9, 2002, is being republished for technological reasons. The content has not changed.) ORIX Corp.'s corporate governance practices are generally of a good standard and reflect the present chairman's (Mr. Miyauchi's) initiative to implement shareholder-value oriented structures and processes over recent years. Accordingly, ORIX is recognized as one of the leading Japanese companies in terms of corporate governance. Although ORIX's overall Corporate Governance Score (CGS) is a comparatively high CGS-7.8, it still has a number of corporate governance practices that inhibit its overall score. However, it is important to note that ORIX's score is constrained by a number of factors affecting the Japanese market as a whole. For example, there