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 Stage of Maintaining Appearance by Ensuring Attendance of Independent Directors Has Ended

Companies Formalized Independence of Voluntary Nomination Committees, but No Signs of Improvements

Disclosure of Individual Board Directors' Remuneration Has Not Progressed

Not the Timing of Annual Securities Report Disclosure, but Rather Company Management Objectives

Many Companies in Japan Are Still Hesitant to Hire the Talent They Need

Governance Issues Have Not Been Resolved as Far as Profiles of TSE-Listed Companies Shows

A Dialogue with a Skilled Outside Director Will Create Value. This Premise Is Important

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Since the number of companies transitioning to US Type 3 Committees isn't increasing, a perverse debate has begun on weakening the authority of nomination committees in US Type 3 Committees.</li>
<li>Despite calls from investors to appoint outside directors as chairpersons of BODs to stimulate discussion and strengthen supervisory functions by separating supervision from execution, these calls have been ignored.</li>
<li>If the board of directors simply approves plans created by each business division based on their budgets, then it is not involved in important company decisions.</li>
</ul>


Since the number of companies transitioning to US Type 3 Committees isn't increasing, a perverse debate has begun on weakening the authority of nomination committees in US Type 3 Committees.
Despite calls from investors to appoint outside directors as chairpersons of BODs to stimulate discussion and strengthen supervisory functions by separating supervision from execution, these calls have been ignored.
If the board of directors simply approves plans created by each business division based on their budgets, then it is not involved in important company decisions.


Both Statutory Nomination Committee and BODs Chaired by Outside Directors Are in the 2% Range

TSE Tokyo Price Index TOPIX

Both Statutory Nomination Committee and BODs Chaired by Outside Directors Are in the 2% Range