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.

Capital Efficiency Is the Topic of the June AGM, While What Is Happening to Passive Fund Voting?

How Much Can 'effort Targets' Speed up the Narrowing of the Gender Pay Gap?

Fewer Companies Still Use Capital Efficiency Such as ROE as KPIs for Variable Compensation

Although It Is Commendable that Voting Behavior of Some Domestic Institutional Investors Has Changed

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>Managers/Executives should receive compensation that is appropriate to increase corporate value and stock price, and executive compensation should be tied to the realization of corporate value and stock price growth.</li>
<li>Not many companies have been able to increase their corporate value by hiring global talent on their boards like Hitachi, MUFG, Mitsui &amp; Company, and Daikin.</li>
<li>Currently, the relationship between executive compensation and corporate value is inconsistent. The optimal proportion of variable compensation and the acquisition/utilization of global human resources to strengthen competitiveness will be key.</li>
</ul>


Managers/Executives should receive compensation that is appropriate to increase corporate value and stock price, and executive compensation should be tied to the realization of corporate value and stock price growth.
Not many companies have been able to increase their corporate value by hiring global talent on their boards like Hitachi, MUFG, Mitsui &amp; Company, and Daikin.
Currently, the relationship between executive compensation and corporate value is inconsistent. The optimal proportion of variable compensation and the acquisition/utilization of global human resources to strengthen competitiveness will be key.


No Consistent Relationship Between Executive Compensation and Stock Price/ Earnings Has Been Seen

TSE Tokyo Price Index TOPIX

No Consistent Relationship Between Executive Compensation and Stock Price/ Earnings Has Been Seen