Which of the following statements is TRUE, comparing Japanese and American corporate governance systems?

	A.	In Japan, usually there is a higher percentage of independent directors on the board than in U.S.
	B.	U.S. has a bank-based corporate governance structure, whereas Japan has a market-based corporate governance structure.
	C.	U.S. firms usually operate the one-tier board structure, whereas Japanese firms usually operate the two-tier board structure.
	D.	In Japan, usually strongly interrelated groups of firms are tied together by cross-shareholdings (Keiretsu). Such Keiretsu structure is less common in the U.S.