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.

Will Change to Annual Securities Report Improve in % of Female Managers and Gender Wage Gap?

Companies Still Prioritize Compliance with the TSE over Consideration for Shareholders Interest

% of Female Board Members Is a Measure of a Company's Seriousness About Improving Its Practices

Investors Are Less Interested in Companies that Generate Little Cash Despite Shareholder Returns

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The gradual increase in the proportion of independent directors is partly due to the growing shift from companies with audit committees to companies with audit and supervisory committees.</li>
<li>Companies with audit committees tend to have more outside directors by design, yet they can delegate operational matters to inside directors. Consequently, companies don't strongly resist having more outside directors.</li>
<li>As more companies expand businesses globally, the number of foreign directors hasn't increased significantly. The reason for this lack of growth is the absence of specific targets set by regulators.</li>
</ul>


The gradual increase in the proportion of independent directors is partly due to the growing shift from companies with audit committees to companies with audit and supervisory committees.
Companies with audit committees tend to have more outside directors by design, yet they can delegate operational matters to inside directors. Consequently, companies don't strongly resist having more outside directors.
As more companies expand businesses globally, the number of foreign directors hasn't increased significantly. The reason for this lack of growth is the absence of specific targets set by regulators.


Election of Foreign Board Directors Is More Critical than ％ of Female Board Members

TSE Tokyo Price Index TOPIX

Election of Foreign Board Directors Is More Critical than ％ of Female Board Members