In today’s briefing:
- Content of Disclosures Is Important, but the Focus Has Shifted to Whether the Goals Can Be Achieved
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.