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.

Both Statutory Nomination Committee and BODs Chaired by Outside Directors Are in the 2% Range

Company with US Type of 3 Committees and Independent Director Chairing BOD Is the Litmus Test

It Is Essential for Investors to Keep Raising Their Voices to Improve Corporate Governance

Behind % Rising Female Board Members, How Many Companies Make Progress Reforming Their Boards?

An Option for Implementing Serious Corporate Governance Reforms to Achieve Results Are...

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Transitioning to company with audit and supervisory committee is neutral for governance improvement, but the reason governance improvement hasn't decisively improved is that few companies adopt the US-type 3-committee structure.</li>
<li>Currently, discussions are underway on company with US type 3 Committees, specifically the proposal that “only when outside directors constitute majority, shall the authority to determine nominations reside with theBOD.”</li>
<li>This resembles the situation when companies established audit committees prioritized demonstrating improvements in corporate governance over substantive enhancements to corporate governance itself.</li>
</ul>


Transitioning to company with audit and supervisory committee is neutral for governance improvement, but the reason governance improvement hasn't decisively improved is that few companies adopt the US-type 3-committee structure.
Currently, discussions are underway on company with US type 3 Committees, specifically the proposal that “only when outside directors constitute majority, shall the authority to determine nominations reside with theBOD.”
This resembles the situation when companies established audit committees prioritized demonstrating improvements in corporate governance over substantive enhancements to corporate governance itself.


Will Substantive Reforms to Governance Be Postponed Again This Time for Building a Track Record?

TSE Tokyo Price Index TOPIX

Will Substantive Reforms to Governance Be Postponed Again This Time for Building a Track Record?