Daily BriefsESG

Daily Brief ESG: How Far Has Corporate Governance Progressed in 2021? (1) ~ Board Practices Section and more

In today’s briefing:

  • How Far Has Corporate Governance Progressed in 2021? (1) ~ Board Practices Section

How Far Has Corporate Governance Progressed in 2021? (1) ~ Board Practices Section

By Aki Matsumoto

  • The revised Corporate Governance Code and the inclusion of prime market listing criteria have resulted in significant improvements in % of independent directors and in the practices of Nominating/Compensation Committee.
  • Meanwhile, the chairmanship of the board of directors and the ratio of female directors, for which the Code didn’t specify improvements or provide numerical target, are improving at modest pace.
  • There is the issue of whether the board/committees require independent directors to function fully independently, and the % of female directors indicates the seriousness of improving management and governance.

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