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.

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Approaches Aimed at Resolving “parent-Subsidiary Listings” in the Broad Sense Remain Effective

Can Companies Move Beyond Mere Number-Crunching Toward Disclosing Their Human Capital Strategies?

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Japanese companies, accustomed to codified laws, will not take action unless the required steps are specified in detail. This reflects that few companies undertake governance reforms of their own initiative.</li>
<li>For a founding family company that prioritizes the succession of management control, the increased costs associated with listing represent challenges in shifting toward value-generating management, which is a lower priority.</li>
<li>If disclosure of approval rate for director appointments, excluding the stakes held by major shareholders, becomes mandatory, SR activities aimed at encouraging approval of director appointment proposals will become necessary.</li>
</ul>


Japanese companies, accustomed to codified laws, will not take action unless the required steps are specified in detail. This reflects that few companies undertake governance reforms of their own initiative.
For a founding family company that prioritizes the succession of management control, the increased costs associated with listing represent challenges in shifting toward value-generating management, which is a lower priority.
If disclosure of approval rate for director appointments, excluding the stakes held by major shareholders, becomes mandatory, SR activities aimed at encouraging approval of director appointment proposals will become necessary.


Unless the Necessary Steps Are Specified, Few Companies Take Initiatives to Reform on Their Own

TSE Tokyo Price Index TOPIX

Unless the Necessary Steps Are Specified, Few Companies Take Initiatives to Reform on Their Own