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.

A Crossroads: Should a Company Strive to Meet Formal Criteria, or Move to Standard Market Instead?

Are Investors Prepared for the Upcoming Formalization of Corporate Governance Practices?

Both the Reduction in Cash on Hand and the Reduction in Policy-Held Shares Are Still Underway

The Bigger Issue than the Lack of Higher Compensation for Outside Board Directors Is...

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

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

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Corporate Governance Code stipulates that board members should limit concurrent positions to reasonable number and requires disclosure; however, over 400 peoples at listed companies hold concurrent positions at over 3.</li>
<li>While there are expectations to appoint outside directors with management experience, increasing the proportion of female board members is currently being prioritized over that.</li>
<li>While an outside director who has served for many years may have developed good rapport with the executive officers, from shareholders’ perspective, this does not necessarily serve their best interests.</li>
</ul>


Corporate Governance Code stipulates that board members should limit concurrent positions to reasonable number and requires disclosure; however, over 400 peoples at listed companies hold concurrent positions at over 3.
While there are expectations to appoint outside directors with management experience, increasing the proportion of female board members is currently being prioritized over that.
While an outside director who has served for many years may have developed good rapport with the executive officers, from shareholders’ perspective, this does not necessarily serve their best interests.


There Is Concern that Meeting Formal Criteria Is Being Prioritized Here as Well

TSE Tokyo Price Index TOPIX

There Is Concern that Meeting Formal Criteria Is Being Prioritized Here as Well