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.

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

There Is Also a Difference in Perspective Between Investors and Companies on the Remuneration System

Companies Seem Reluctant to Hold Online AGMs with Online Attendance

Need to Shift from Obsession with Controlling AGM to Sharing the Value of Engagement

Substantial “pre AGM Filing of Annual Securities Reports” Will Be After 2027

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

What the Tokyo Market Needs Is a Metabolism and Replacement with Motivated Managers

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The trend of AGMs being concentrated in the last week of June remains unchanged, and this's seen as attempt to divert shareholder attention and reluctant attitude toward dialogue with shareholders.</li>
<li>The rise in share proposals has made some managers wary, and we are not optimistic about pushing AGM later dates and disclosing annual securities reports well in advance of AGM.</li>
<li>There are gap between what is stated and what actually happens in "the reasons for not introducing anti-takeover measures," "compliance with constructive dialogue with shareholders," and disclosure of "TSE's requests."</li>
</ul>


The trend of AGMs being concentrated in the last week of June remains unchanged, and this's seen as attempt to divert shareholder attention and reluctant attitude toward dialogue with shareholders.
The rise in share proposals has made some managers wary, and we are not optimistic about pushing AGM later dates and disclosing annual securities reports well in advance of AGM.
There are gap between what is stated and what actually happens in "the reasons for not introducing anti-takeover measures," "compliance with constructive dialogue with shareholders," and disclosure of "TSE's requests."


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

TSE Tokyo Price Index TOPIX

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