In today’s briefing:
- Content of Disclosures Is Important, but the Focus Has Shifted to Whether the Goals Can Be Achieved
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Content of Disclosures Is Important, but the Focus Has Shifted to Whether the Goals Can Be Achieved
- Companies with higher foreign shareholdings have superior board practices, suggesting that overseas investor engagement played an important role in improving management that resulted in return on capital.
- Clues to changes in management reform can be found in the percentage of independent board members, the percentage of female board members, and policy shareholdings/total assets.
- While the substance of the goals is important, the focus has shifted to management’s strong will to achieve the goals to raise valuations and return on capital.