Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

MS&AD Insurance Group Holdings, Inc. is a holding company established through reorganization of Mitsui Sumitomo Insurance Company, Limited.  The Group writes marine, fire, casualty, automobile, life, and allied insurance policies. MS&AD Insurance Group also operates financial services and agencies.

<ul>
<li>This month (June) saw 1,673 Corporate Governance Reports filed and 5 new "Mgmt Conscious of Capital Cost/Stock Price" policies filed. </li>
<li>We created a tool show every report, provide links to every document, and now a new diff file tool. Put in a name, see the difference between the Old/New Reports.</li>
<li>We hope this took will help. It is designed to be a shelf reference. We update the tool once a month, a couple of weeks ahead of the TSE.</li>
</ul>


This month (June) saw 1,673 Corporate Governance Reports filed and 5 new "Mgmt Conscious of Capital Cost/Stock Price" policies filed. 
We created a tool show every report, provide links to every document, and now a new diff file tool. Put in a name, see the difference between the Old/New Reports.
We hope this took will help. It is designed to be a shelf reference. We update the tool once a month, a couple of weeks ahead of the TSE.


Japan CorpGovReport Details: TSE "Mgmt Conscious of Capital Cost/Stock Price" Details (Jul24)

Podcast by CEO, Norges Bank Investment Management, In Good Company with Nicolai Tangen

In Good Company with Nicolai Tangen

Podcast by CEO, Norges Bank Investment Management

The CEO of the largest single investor in the world, Norges Bank Investment Management, interviews leaders of some of the largest companies in the world. You will get to know the leader, their strategy, leadership principles, and much more. Hosted on Acast. See https://www.acast.com/privacy-policy for more information.

Equity Bottom-Up

EXOR N.V. is a diversified holding company. The Company brings in finance for the development of its companies, to improve their competitive position and profitability, and maintains a constant dialogue with the top management of the companies in which it invests, while fully respecting their operating autonomy.

<ul><li>Practice of committing to ownership, governance, and leadership alignment with companies similar to other respected examples like Berkshire Hathaway and the Walnbergs in Sweden</li><li>Focus on long-term thinking, staying current through innovation, and renewing oneself to ensure enduring success in business</li><li>Importance of family ownership, stability, and long-term thinking in combination with the benefits of being a public company; John Elkann's background and path to leadership within the family-owned company.</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>

Practice of committing to ownership, governance, and leadership alignment with companies similar to other respected examples like Berkshire Hathaway and the Walnbergs in SwedenFocus on long-term thinking, staying current through innovation, and renewing oneself to ensure enduring success in businessImportance of family ownership, stability, and long-term thinking in combination with the benefits of being a public company; John Elkann's background and path to leadership within the family-owned company.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Exor CEO John Elkann: Family Ownership, Football and Ferrari

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Forensic Accounting

The NIFTY 50 index is National Stock Exchange of India's benchmark stock market index for Indian equity market. Nifty is owned and managed by India Index Services and Products (IISL), which is a wholly owned subsidiary of the NSE Strategic Investment Corporation Limited.

<ul>
<li>Forensic Forsight will be a bi-monthly report covering Indian companies having corporate governance issues guiding investors on strengthening their ESG investment framework</li>
<li>The issue covers SEBI warning against ICICI Bank for manipulation in delisting process of its key subsidiary.</li>
<li>The report also covers how a EV company disguises shareholders while an Indian renewable energy company is under scrutiny owing to Independent Director Resignation</li>
</ul>


Forensic Forsight will be a bi-monthly report covering Indian companies having corporate governance issues guiding investors on strengthening their ESG investment framework
The issue covers SEBI warning against ICICI Bank for manipulation in delisting process of its key subsidiary.
The report also covers how a EV company disguises shareholders while an Indian renewable energy company is under scrutiny owing to Independent Director Resignation


#1 Forensic Foresight: SEBI Warns ICICI Bank, Suzlon Director Resign, Wardwizard Disguise

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

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.

The TOPIX, also known as the Tokyo Stock Price Index, is a capitalization-weighted index of all companies listed on the First Section of the Tokyo Stock Exchange. The index is supplemented by the subindices of the 33 industry sectors. The index calculation excludes temporary issues and preferred stocks, and has a base value of 100 as of January 4, 1968.

<ul>
<li>Companies with the ROE over 15% have higher market capitalization, foreign ownership, and Tobin's Q, and naturally higher ROA, while the opposite tends to be true companies with low ROE.</li>
<li>Groups with ROE above 15% have generally improved their corporate governance practices, but they still need to address their use of cash in order to further improve return on capital.</li>
<li>It's clear that companies with low ROE have the form of board practices but not the substance, and that they don't have a clear policy for increasing return on capital.</li>
</ul>


Companies with the ROE over 15% have higher market capitalization, foreign ownership, and Tobin's Q, and naturally higher ROA, while the opposite tends to be true companies with low ROE.
Groups with ROE above 15% have generally improved their corporate governance practices, but they still need to address their use of cash in order to further improve return on capital.
It's clear that companies with low ROE have the form of board practices but not the substance, and that they don't have a clear policy for increasing return on capital.


Companies with Low ROEs Have Corporate Governance Practices that Only Make It So

Wardwizard Innovations & Mobility / Forensic Accounting

Wardwizard Innovations & Mobility Ltd operates in the electric vehicle (EV) sector, specifically focusing on the manufacturing of electric two-wheelers and other eco-friendly mobility solutions. The company is actively involved in various aspects of the electric mobility ecosystem, including the production of high-speed electric scooters and the development of electric vehicle ancillary clusters.

Wardwizard Innovations & Mobility (WRDW IN)

<ul>
<li>The billion-dollar order that had initially seemed like a game-changer for Wardwizard Innovations turned out to be its downfall as it happens to be a Non Binding MoU. </li>
<li>While for an INR 300 crore revenue company billion dollar order was huge, hence stock price rose on the back of rosy picture.</li>
<li>Promoter used the situation to dump the shares via stake sale as the news of order led to 20% rise in the stock price which eventually raises Corporate Governance Concerns</li>
</ul>


The billion-dollar order that had initially seemed like a game-changer for Wardwizard Innovations turned out to be its downfall as it happens to be a Non Binding MoU. 
While for an INR 300 crore revenue company billion dollar order was huge, hence stock price rose on the back of rosy picture.
Promoter used the situation to dump the shares via stake sale as the news of order led to 20% rise in the stock price which eventually raises Corporate Governance Concerns


Wardwizard Innovations: Promoter Dumped Stake Under the Billion Dollar Illusion

Corporate Governance
The slippery slope

Japan CorpGovReport Details: TSE "Mgmt Conscious of Capital Cost/Stock Price" Details (Jul24)

There were 1,670+ new Corporate Governance Reports filed in the month of June. That includes a 27 updates of "Implementing Mgmt Consciousness of...

Travis Lundy

Exor CEO John Elkann: Family Ownership, Football and Ferrari

John Elkann's leadership at Exor focuses on aligning ownership with governance and leadership in a similar fashion to Warren Buffett's Berkshire...

In Good Company with Nicolai Tangen

#1 Forensic Foresight: SEBI Warns ICICI Bank, Suzlon Director Resign, Wardwizard Disguise

India Forensic Foresight report will guide investors on ESG framework, highlighting corporate governance issues in Indian companies like ICICI...

Nimish Maheshwari

Companies with Low ROEs Have Corporate Governance Practices that Only Make It So

I would like to discuss the issues on the May 1 Nikkei Shimbun article, "70% of Listed Companies (120 companies) Increased Profits in FY3/2024,...

Metrical Inc

Wardwizard Innovations: Promoter Dumped Stake Under the Billion Dollar Illusion

Wardwizard Innovations' billion-dollar order turned out to be a Non Binding MoU, leading to a rise in stock price and subsequent stake sale by the...

Nimish Maheshwari

Japan CorpGovReport Details: TSE "Mgmt Conscious of Capital Cost/Stock Price" Details (Jul24)

There were 1,670+ new Corporate Governance Reports filed in the month of June. That includes a 27 updates of "Implementing Mgmt Consciousness of...

Travis Lundy

Exor CEO John Elkann: Family Ownership, Football and Ferrari

John Elkann's leadership at Exor focuses on aligning ownership with governance and leadership in a similar fashion to Warren Buffett's Berkshire...

In Good Company with Nicolai Tangen

#1 Forensic Foresight: SEBI Warns ICICI Bank, Suzlon Director Resign, Wardwizard Disguise

​India Forensic Foresight report will guide investors on ESG framework, highlighting corporate governance issues in Indian companies like ICICI...

Nimish Maheshwari

Companies with Low ROEs Have Corporate Governance Practices that Only Make It So

I would like to discuss the issues on the May 1 Nikkei Shimbun article, "70% of Listed Companies (120 companies) Increased Profits in FY3/2024,...

Metrical Inc

Wardwizard Innovations: Promoter Dumped Stake Under the Billion Dollar Illusion

​Wardwizard Innovations' billion-dollar order turned out to be a Non Binding MoU, leading to a rise in stock price and subsequent stake sale by the...

Nimish Maheshwari

India Forensic Foresight report will guide investors on ESG framework, highlighting corporate governance issues in Indian companies like ICICI...

Wardwizard Innovations' billion-dollar order turned out to be a Non Binding MoU, leading to a rise in stock price and subsequent stake sale by the...