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.

Nominating Committee Also Has Problems Achieving Only Formal Criteria of Corporate Governance Code

Since It Is Unclear Whether Director Nomination Process Is Working, Voting Becomes More Important

Manager's Real Intent to Prevent Further Increase in Ratio of Independent Directors Is Revealed

Risk Taking by Managers Is Key, Weather Changing the Game or Creating a New Business

Japanese Managers Have Always Wanted to Distance Themselves from Market Pressures

Skills Matrix Disclosures Give Us the Opportunity to See Through The "Sham Board, Disclosures"

Expecting Fewer Refusals to Disclose Management Issues and More Positive Discussions with Management

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The rapid spread of companies, especially large companies, disclosing the skills matrix was triggered by Supplemental Principle 4-11-(i), which was added to the Corporate Governance Code.</li>
<li>While more companies focus disclosure on skills matrix of directors, it’s questionable whether these criteria have been validated to select those who can help expand the value of the company.</li>
<li>The process should ensure that the nomination process is based on the skills needed to run the company, not on who is close to the president of the company.</li>
</ul>


The rapid spread of companies, especially large companies, disclosing the skills matrix was triggered by Supplemental Principle 4-11-(i), which was added to the Corporate Governance Code.
While more companies focus disclosure on skills matrix of directors, it’s questionable whether these criteria have been validated to select those who can help expand the value of the company.
The process should ensure that the nomination process is based on the skills needed to run the company, not on who is close to the president of the company.


The Reasons for the Criteria Selected for the Directors' Skills Matrix Are Still Unclear

TSE Tokyo Price Index TOPIX

The Reasons for the Criteria Selected for the Directors' Skills Matrix Are Still Unclear