Daily BriefsJapan

Daily Brief Japan: Canon Inc and more

In today’s briefing:

  • A Full-Fledged Change in Board Composition, Not Just “Matching Numbers,” Is Required


A Full-Fledged Change in Board Composition, Not Just “Matching Numbers,” Is Required

By Aki Matsumoto

  • It’ll be practical to appoint a female director from outside company at coming AGM and replace them with women when the terms of 2 current male statutory auditors each expire.
  • With Canon’s current ratio of female managers at 3.6%, it will take time for the current female non-statutory executive officers to leapfrog a number of seniors to board positions.
  • Since Mr. Mitarai will be 95 years old in 2030, a full-fledged change in board composition is required, including the appointment of non-Japanese directors, rather than just “matching numbers.”

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