Hiromichi Mizuno, the former chief investment officer of Japan's Government Pension Investment Fund (GPIF), spoke at the 2026 Hankyoreh International Corporate Governance Forum, emphasizing that the primary purpose of the stewardship and corporate governance codes is to foster long-term sustainable growth in corporations. This statement highlights a crucial aspect of financial regulation, particularly in the context of Japan, where these codes were developed. Mizuno's insights underscore the idea that corporate governance should prioritize the interests of stakeholders over short-term gains, which is a vital perspective for investors and institutions alike.

During the forum held in Seoul at the National Assembly Members' Hall, known as the 'Korea Premium' Era, Mizuno pointed out that South Korea's government must align its corporate governance reforms with the goal of promoting lasting growth for companies. He argued that clear communication about the objectives of governance reforms is essential for their successful implementation. By establishing this clarity, the likelihood of improving investor confidence and attracting foreign investment could increase, improving the business ecosystem in South Korea.

Mizuno's comments are particularly relevant as countries navigate the complexities of corporate governance in a globalized economy. A steward’s code serves not just as a regulatory framework but as a commitment from corporate leaders and investors to ensure ethical management and sustainable practices. Ultimately, such frameworks can help in building resilience within companies and fostering increased economic stability for the broader market.