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.

Now Is Time to Increase the Number of Female Directors so that They Can Contribute to Value Creation

Will Management that Incorporates Cost of Capital Be Fully Implemented 7 Years from Now, in 2028?

Higher Foreign Shareholdings, Which Led to Fewer Takeover Defense, Push Companies To Further Reforms

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

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

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

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>It's unclear whether voluntary compensation committee can make proactive recommendations, or whether it simply follows the proposals of CEO/BOD, and how much the decisions of the voluntary committee are influential.</li>
<li>Only 0.1% of listed companies are disclosing the individual compensation of all board directors, as investors have long requested, and there has been no progress in disclosing individual compensation.</li>
<li>Performance-Based compensation is implemented by 72.7% of companies listed on the Prime Market. Recently, there has been an increase in the introduction of restricted stock in place of stock options.</li>
</ul>


It's unclear whether voluntary compensation committee can make proactive recommendations, or whether it simply follows the proposals of CEO/BOD, and how much the decisions of the voluntary committee are influential.
Only 0.1% of listed companies are disclosing the individual compensation of all board directors, as investors have long requested, and there has been no progress in disclosing individual compensation.
Performance-Based compensation is implemented by 72.7% of companies listed on the Prime Market. Recently, there has been an increase in the introduction of restricted stock in place of stock options.


Disclosure of Individual Board Directors' Remuneration Has Not Progressed

TSE Tokyo Price Index TOPIX

Disclosure of Individual Board Directors' Remuneration Has Not Progressed