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.

Proxy Voting at AGMs Is Good Opportunity for Investors to Think if Managers Fulfill Fiduciary Duties

How Many Companies Will Be Able to Keep up with the Next Revision of the Corporate Governance Code?

Setting the Trading Unit to One Share Is the Quickest Way to Increase Virtual AGMs

The Change in Record Date Is Difficult, and Most AGMs Next Year Will Be Held in June

The Format of the AGM Also Reveals a Part of the Company's Attitude Toward Its Shareholders

The Gap with Investors' Perspective Stems from Managers Trying to Distance Themselves from Investors

A Reluctance to Confront Shareholders Is at the Root of Many Problems

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Online AGMs using Internet account for 18%. More than 90% of these meetings are limited to broadcasting the meeting, without allowing shareholders to exercise their voting rights during the meeting.</li>
<li>Technical issues are cited as the reason why online shareholder meetings are not increasing, and the Ministry of Justice's advisory board is discussing legal reforms.</li>
<li>For companies whose goal is to pass company proposals at AGMs and end quickly, even if the resolution of issues is included in legal revision, it will have little effect.</li>
</ul>


Online AGMs using Internet account for 18%. More than 90% of these meetings are limited to broadcasting the meeting, without allowing shareholders to exercise their voting rights during the meeting.
Technical issues are cited as the reason why online shareholder meetings are not increasing, and the Ministry of Justice's advisory board is discussing legal reforms.
For companies whose goal is to pass company proposals at AGMs and end quickly, even if the resolution of issues is included in legal revision, it will have little effect.


Companies Seem Reluctant to Hold Online AGMs with Online Attendance

TSE Tokyo Price Index TOPIX

Companies Seem Reluctant to Hold Online AGMs with Online Attendance