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.

Has the “Unit of Investment” Principle Spoiled the Companies?

Governance and Shareholder Return Are Likely to Improve, and Investors Continue to Pay Attention

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

Japan's Governance: About the Article on Outside Directors

Japan's Governance: About the Article on Outside Directors (2)

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?

Can Investors Tolerate the Current Pace of Capital Profitability Improvement?

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Information asymmetries between shareholders/investors and board directors, between inside and outside board directors, between inside and outside statutory auditors, and between insiders and the rest are constant challenges.</li>
<li>Statutory auditors cannot be dismissed and have significant powers, including the right to investigate, and since statutory auditors are board members, they can attend and speak at board meetings.</li>
<li>To make statutory auditors function, establish a process for nominating statutory auditors, raise the compensation of outside auditors, and run an open board meeting where board members' comments are respected.</li>
</ul>


Information asymmetries between shareholders/investors and board directors, between inside and outside board directors, between inside and outside statutory auditors, and between insiders and the rest are constant challenges.
Statutory auditors cannot be dismissed and have significant powers, including the right to investigate, and since statutory auditors are board members, they can attend and speak at board meetings.
To make statutory auditors function, establish a process for nominating statutory auditors, raise the compensation of outside auditors, and run an open board meeting where board members' comments are respected.


How to Make a Non-Functioning Statutory Auditor Function

TSE Tokyo Price Index TOPIX

How to Make a Non-Functioning Statutory Auditor Function