In today’s briefing:
- Independence of BOD Is Necessary, but Can Independence of Subordinate Companies Really Be Ensured?
Independence of BOD Is Necessary, but Can Independence of Subordinate Companies Really Be Ensured?
- While many listed companies have already established formal standards, TSE plans to establish rules with higher hurdles to ensure the independence of listed subsidiaries and other dependent companies.
- It would make more sense for TSE to question why the parent company maintains the subsidiary’s listing, and minority shareholders of both parent and subsidiary would be more interested.
- Certainly TSE’s “independence criteria” for independent directors is loose, which has negatively impacted the operation of the Board of Directors, so it would be effective to re-establish the criteria.
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