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Japan's Governance: How Far Has Corporate Governance Improved in 2021 (5) - Change in ％ of INEDs
177 Views, 16 Jan 2022 09:58
- Companies that raised the % independent directors in 2021 improved both the nominating committee and compensation committee scores. This is in line with specific requirements of the revised CG Code.
- Other than the percentage of independent directors, there were no changes in board practice measures that were positively correlated with significance affecting changes in other criteria.
- I will examine whether passive events, such as revision of CG Code, will motivate companies to further improve their governance, or whether more companies will actively improve their governance.