In today’s briefing:
- There Is Concern that Meeting Formal Criteria Is Being Prioritized Here as Well
There Is Concern that Meeting Formal Criteria Is Being Prioritized Here as Well
- Corporate Governance Code stipulates that board members should limit concurrent positions to reasonable number and requires disclosure; however, over 400 peoples at listed companies hold concurrent positions at over 3.
- While there are expectations to appoint outside directors with management experience, increasing the proportion of female board members is currently being prioritized over that.
- While an outside director who has served for many years may have developed good rapport with the executive officers, from shareholders’ perspective, this does not necessarily serve their best interests.
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