Abstract
A survey of small-scale companies indeed reveals that the majority of them are family owned and operated, and that the so-called gap between law and reality is especially striking. However, it would be incorrect to conclude that economic chaos and social inequities result from such abuse of the corporate institution by those small companies. Moreover, the Justice Ministry's proposal to simplify the procedure and structure of the Company Law is not supported in its entirety. This fact seems to suggest that, in a way, the fundamental scheme of the modernn corporate law is being accepted by the managers of small companies.
Along this line of thought, the amendments require much caution; we should not be taken in simply by appearances.
