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.

Issues with Content of Disclosures, Not Keyword Searches in TCFD

Manager's Real Intent to Prevent Further Increase in Ratio of Independent Directors Is Revealed

Board Diversity Also Confuses Ends with Means

Limited Number of Business Types with Great Opportunities for Women Is at Heart of the Problem

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

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

For Diversity to Be Perceived as Not Special, Managers' Recognition Needs to Move Toward DE&I

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Since so many companies have not prepared for internal female talent, the trend of hiring female independent outside directors will continue for the foreseeable future.</li>
<li>Metrical studies have confirmed the tendency for the percentage of female board members to show a more significant positive correlation than the number of female board members. </li>
<li>This is consistent with the expectation that the increased weight of women board members' voices on the board will contribute to value creation. </li>
</ul>


Since so many companies have not prepared for internal female talent, the trend of hiring female independent outside directors will continue for the foreseeable future.
Metrical studies have confirmed the tendency for the percentage of female board members to show a more significant positive correlation than the number of female board members. 
This is consistent with the expectation that the increased weight of women board members' voices on the board will contribute to value creation. 


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

TSE Tokyo Price Index TOPIX

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