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.

When Is the Right Time for the Founding Family to Step Down from Top Management?

Accountability to Shareholders, Transparency, and Governance that Embraces Diverse Values Are Needed

Verifying the Background and Skills of Independent Directors Is More Important than Ever

Although It'll Take Time, There's No Need to Be Pessimistic if Management Reform Is Finally Underway

Since This Revision Solely Seeks Substantive Enhancement, Achieving Effectiveness Will Be Difficult

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Over the years, the independent director system may have become overly formalistic and “evolved” into a Japanese-style system that differs from what was originally intended.</li>
<li>The question is whether serving as a director for an extended period is truly in the best interests of shareholders. After all, no one can remain a director forever.</li>
<li>The fact that the length of directors’ tenures is being called into question is likely a sign that succession planning and director nomination process aren’t functioning properly at many companies.</li>
</ul>


Over the years, the independent director system may have become overly formalistic and “evolved” into a Japanese-style system that differs from what was originally intended.
The question is whether serving as a director for an extended period is truly in the best interests of shareholders. After all, no one can remain a director forever.
The fact that the length of directors’ tenures is being called into question is likely a sign that succession planning and director nomination process aren’t functioning properly at many companies.


The Problem of the Effectiveness of Independent Directors: A History of the “Evolution” of Formalism

TSE Tokyo Price Index TOPIX

The Problem of the Effectiveness of Independent Directors: A History of the “Evolution” of Formalism