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 Board Diversity Also Reminds Us of the Saying, “It Just Has the Form but Not the Spirit"

Side Effects of Matching Numbers to Raise the Percentage of Female Board Members

The Goal of 30% Female Board Members Is Somewhat Hard to Achieve Given the Current Situation

How to Make a Non-Functioning Statutory Auditor Function

Challenge Is to Raise Governance and Return on Capital for More Companies Beyond Matching Numbers

Focus on Cash Flow Recovery from Investments as Planned, as Well as Appropriate Cash Allocation

Will the Challenges that Have Taken a Decade to Make Progress Finally Be Resolved?

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The first problem is that companies desperately match numbers, and original goal of ensuring board diversity has been lost; the second is the increase in the number of board memberships.</li>
<li>The low ratio of women in managerial positions has forced companies to rely on outside talent for female board members, which has further increased matching numbers.</li>
<li>There are problems both for the company that knowingly hires board members to serve concurrently in multiple companies and for the outside board members who knowingly accept such positions.</li>
</ul>


The first problem is that companies desperately match numbers, and original goal of ensuring board diversity has been lost; the second is the increase in the number of board memberships.
The low ratio of women in managerial positions has forced companies to rely on outside talent for female board members, which has further increased matching numbers.
There are problems both for the company that knowingly hires board members to serve concurrently in multiple companies and for the outside board members who knowingly accept such positions.


Companies Using Outside Board Members for Management and for Matching Numbers Will Widen the Gap

TSE Tokyo Price Index TOPIX

Companies Using Outside Board Members for Management and for Matching Numbers Will Widen the Gap