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.

Many Companies Still Miss Opportunities to Deepen Investors' Understanding of Business Strategies

Companies Still Prioritize Compliance with the TSE over Consideration for Shareholders Interest

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

The Key Is when the Next Move Will Come that Steers Away from Increasing Cash on Hand

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>In the activities of Nomination Committee, the formulation of policies and criteria for appointing directors, CEOs, as well as the consideration of succession plans, are given low priority.</li>
<li>With major shareholders holding over 20% stakes present in half of companies, implementing process where the board accepts the nomination committee's deliberated proposal on succession plans presents a significant hurdle.</li>
<li>The failure of nomination committees and independent outside directors, who constitute a majority in many companies, to fulfill their critical roles may be a significant hindrance to corporate growth.</li>
</ul>


In the activities of Nomination Committee, the formulation of policies and criteria for appointing directors, CEOs, as well as the consideration of succession plans, are given low priority.
With major shareholders holding over 20% stakes present in half of companies, implementing process where the board accepts the nomination committee's deliberated proposal on succession plans presents a significant hurdle.
The failure of nomination committees and independent outside directors, who constitute a majority in many companies, to fulfill their critical roles may be a significant hindrance to corporate growth.


With Many Parent/Founder-Family Companies, Effective Succession Planning Is a Difficult Task

TSE Tokyo Price Index TOPIX

With Many Parent/Founder-Family Companies, Effective Succession Planning Is a Difficult Task