In today’s briefing:
- The Reasons for the Criteria Selected for the Directors’ Skills Matrix Are Still Unclear
The Reasons for the Criteria Selected for the Directors’ Skills Matrix Are Still Unclear
- The rapid spread of companies, especially large companies, disclosing the skills matrix was triggered by Supplemental Principle 4-11-(i), which was added to the Corporate Governance Code.
- While more companies focus disclosure on skills matrix of directors, it’s questionable whether these criteria have been validated to select those who can help expand the value of the company.
- The process should ensure that the nomination process is based on the skills needed to run the company, not on who is close to the president of the company.
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