In today’s briefing:
- Raising the Standard of Discipline Among Companies Listed on the Standard Market Is Crucial
Raising the Standard of Discipline Among Companies Listed on the Standard Market Is Crucial
- Many companies failing to meet listing maintenance standards will transition to Standard Market. Given the inherent risk of moral hazard, strengthening the discipline of listed companies is a critical point.
- Companies that have migrated to or remained in the Standard Market for various reasons harbor moral hazard stemming not from diversity, but rather from gathering in pursuit of lax standards.
- If more companies view TSE’s increased disclosure requirements as a cost of listing and consider going private, that’s positive development. Hopefully, this will lead to progress in resolving “parent-subsidiary listings.”
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