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

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

The Bigger Issue than the Lack of Higher Compensation for Outside Board Directors Is...

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

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Some companies adopt policy of not granting performance-based compensation to outside directors to ensure independence. Given this, outside directors may have little incentive to leverage skills and knowledge in value-creation.</li>
<li>Most independent board members also serve as board members of other companies, but very few companies have set clear standards for the number of concurrent positions that may be held.</li>
<li>Although few companies disclose the criteria for the tenure of independent directors, the longest term was 12 years. ISS has set this as the standard in its voting guidelines.</li>
</ul>


Some companies adopt policy of not granting performance-based compensation to outside directors to ensure independence. Given this, outside directors may have little incentive to leverage skills and knowledge in value-creation.
Most independent board members also serve as board members of other companies, but very few companies have set clear standards for the number of concurrent positions that may be held.
Although few companies disclose the criteria for the tenure of independent directors, the longest term was 12 years. ISS has set this as the standard in its voting guidelines.


Does Introducing Incentive into Remuneration of Independent Directors Compromise Their Independence?

TSE Tokyo Price Index TOPIX

Does Introducing Incentive into Remuneration of Independent Directors Compromise Their Independence?