In today’s briefing:
- The Issue of Tenure Is Also Similar to the Issue of Concurrent Directorships
The Issue of Tenure Is Also Similar to the Issue of Concurrent Directorships
- While female directors and nominating/compensation committee, for which TSE has specified specific goals, have made progress, foreign directors, for whom no specific goals have been set, have lagged behind.
- Even now, with over 40% of companies with P/Bs below 1x and ROE not exceeding the cost of capital, not many companies moved to value-creating management with functioning corporate governance.
- Nominating committee should make its selection, including whether to replace the incumbent director with another candidate. If it fails to do so, it’s not fulfilling its responsibilities as nominating committee.
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