Independent Leading Corporate Governance Research

Metrical Inc

METRICAL INC. is an independent leading Corporate Governance research firm in Japan where Corporate Governance is increasingly recognized as an important element on corporate management in these days. Thus, CG research and solutions would become an essential component of global capital markets and play important to contribute to transparency of the markets and maximize shareholders’ value in Japan. 

METRICAL INC. provides Corporate Governance research and analysis including rating services, and  also offers investment research and IR services with solutions and customized profound research on CG and IR issues.

The Fundamental Issue of Submitting Annual Securities Reports Prior to AGMs Has yet to Be Discussed

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Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The reason why few companies are willing to address the proposal to move AGM date later is that many companies are unwilling to disclose sufficient information prior to the AGM.</li>
<li>The essence of problem is that companies are concerned about losing control over AGMs by providing information to investors, which is similar composition of AGMs being concentrated on certain dates.</li>
<li>The biggest challenge is to change the mind-set of management to have genuine dialogue with investors, rather than to adjust the schedule, by removing the administrative burden from the company.</li>
</ul>


The reason why few companies are willing to address the proposal to move AGM date later is that many companies are unwilling to disclose sufficient information prior to the AGM.
The essence of problem is that companies are concerned about losing control over AGMs by providing information to investors, which is similar composition of AGMs being concentrated on certain dates.
The biggest challenge is to change the mind-set of management to have genuine dialogue with investors, rather than to adjust the schedule, by removing the administrative burden from the company.


Annual Securities Reports Are the Greatest Tool for Dialogue with Investors

TSE Tokyo Price Index TOPIX

Annual Securities Reports Are the Greatest Tool for Dialogue with Investors