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.

2 Rakuten Subsidiaries' Listings Run Counter to the Dissolution of Parent-Subsidiary Listings

Parent-Subsidiary Listing Strategy Expected to Be Even More Attractive

MBOs Would Open the Door to Investment for Companies that Weren’t Invested for Fear Of "Value Trap"

Next Corporate Governance Code Revision May Further Dissolve Parent-Subsidiary Listings

Japan's Governance: Parent-Subsidiary Listing: Parent, Arcland Sakamoto Choosing a Different Path

Overseas Investor Engagement Plays a Significant Role in Substantive Governance Enhancements

Company with US Type of 3 Committees and Independent Director Chairing BOD Is the Litmus Test

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>While many listed companies have already established formal standards, TSE plans to establish rules with higher hurdles to ensure the independence of listed subsidiaries and other dependent companies.</li>
<li>It would make more sense for TSE to question why the parent company maintains the subsidiary's listing, and minority shareholders of both parent and subsidiary would be more interested.</li>
<li>Certainly TSE's "independence criteria" for independent directors is loose, which has negatively impacted the operation of the Board of Directors, so it would be effective to re-establish the criteria.</li>
</ul>


While many listed companies have already established formal standards, TSE plans to establish rules with higher hurdles to ensure the independence of listed subsidiaries and other dependent companies.
It would make more sense for TSE to question why the parent company maintains the subsidiary's listing, and minority shareholders of both parent and subsidiary would be more interested.
Certainly TSE's "independence criteria" for independent directors is loose, which has negatively impacted the operation of the Board of Directors, so it would be effective to re-establish the criteria.


Independence of BOD Is Necessary, but Can Independence of Subordinate Companies Really Be Ensured?

TSE Tokyo Price Index TOPIX

Independence of BOD Is Necessary, but Can Independence of Subordinate Companies Really Be Ensured?