Independent Leading Corporate Governance Research

Metrical Inc

METRICAL INC. is an independent leading Corporate Governance research firm in Japan where Corporate Governance is increasingly recognized as an important element on corporate management in these days. Thus, CG research and solutions would become an essential component of global capital markets and play important to contribute to transparency of the markets and maximize shareholders’ value in Japan. 

METRICAL INC. provides Corporate Governance research and analysis including rating services, and  also offers investment research and IR services with solutions and customized profound research on CG and IR issues.

The ％ of Female Board Members Exceeding 30% Shows Whether the Company Is Truly Pursuing Diversity

Concurrent Directorship Issue Calls into Question Effectiveness of Nominating Committee

Critical Role of Outside Directors Is an Issue Leading to a Majority of Independent Directors

Better than Zero? But Limitations of One Female Board Member to Influence Board Decision-Making

Few Companies Recognize Board Diversity as a Management Issue?

Diversity Will Work when % of Women and Foreign Directors Exceeds 50%, but It’s Still a Long Way Off

Judicial Decisions Are Also Important to Clarify the Nature of the Diversity Issues

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>With few women in managerial positions, the reality is that for the time being female directors are forced to appoint candidates from outside the company.</li>
<li>Two companies is the limit for a monthly board meeting with agenda preliminarily reviewed; investors should oppose proposals to elect candidates who hold board positions at three or more companies.</li>
<li>The main idea is to promote board diversity for making strategic decisions based on diverse values, but it has become a numbers matching exercise to achieve % of female board members.</li>
</ul>


With few women in managerial positions, the reality is that for the time being female directors are forced to appoint candidates from outside the company.
Two companies is the limit for a monthly board meeting with agenda preliminarily reviewed; investors should oppose proposals to elect candidates who hold board positions at three or more companies.
The main idea is to promote board diversity for making strategic decisions based on diverse values, but it has become a numbers matching exercise to achieve % of female board members.


Board Diversity Also Confuses Ends with Means

TSE Tokyo Price Index TOPIX

Board Diversity Also Confuses Ends with Means