In today’s briefing:
- Clues to Management Change Are % Independent Directors and …..
Clues to Management Change Are % Independent Directors and …..
- Companies with low valuations have lower ROE, ROA, and foreign ownership as well as inferior board practices and key actions. Conversely, companies with high valuations show the opposite relationship.
- Over the past year, companies that increased their valuations were those with already high valuations, return on capital and foreign ownership that further improved their earnings and increased their valuations.
- This suggests that companies that have begun to make progress in management reform by improving board operations and clarifying management policies through engagement by overseas investors have achieved positive results.
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