In today’s briefing:
- % of Female Board Members Asks “Seriousness” Of Improving Profitability and Governance Etc.
- Only 20% of Current CEOs in Japan Expected to Have a Female CEO Within 10 Years
% of Female Board Members Asks “Seriousness” Of Improving Profitability and Governance Etc.
- While necessary talent should be sought from both outside and inside the company, it is not good for the company’s future if the most of internal executive directors are male.
- The appointment of women and foreign board members is an effective way to transform the board of directors to ensure transparency and objectivity, without compromising the traditional atmosphere of familiarity.
- Companies with a higher percentage of female board members tend to be more proactive in their corporate governance practices and more diligent about improving profitability and stock valuation.
Only 20% of Current CEOs in Japan Expected to Have a Female CEO Within 10 Years
- The group of companies with lower than 25% female board member will only manage to meet the targets by “matching numbers,” as few companies have high awareness regarding the practice.
- Since the government target of 30% female managers was set in 2005, companies’ awareness remains low. It’s not easy to raise the ratio to 30% by the methods so far.
- There are a number of initiatives that will not progress unless top management is replaced by women, including accelerated promotion of women to management positions and female board members.
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