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.

Comparability of Disclosures Between Companies Will Enhance Content of Sustainability Information

Different Criteria for Exercising Voting Rights for Overseas and Domestic Institutional Investors

Companies with High ROA Have High Potential for Corporate Governance and Further ROA Improvement

Isn't FSA Too Forward-Thinking to Keep up with the Global Trend in Human Capital Disclosure?

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

Japan's Governance: About the Article on Outside Directors

Huge Gap in Awareness of Human Rights Between Japanese Companies and Investors

The Timing of the Mandatory Disclosure of Human Capital Information Should Not Be a Sticking Point

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>METI's survey confirms that "the number of outside directors has increased, but they aren’t completely independent, as they're sometimes appointed by people with ties to the company" isn't incorrect statement.</li>
<li>The reality is that the parent companies of Japan's large asset management companies are financial institutions, and it's high hurdle to vote against proposals by clients of the parent company.</li>
<li>The BOJ is a major shareholder in many companies through its ETF holdings. If the exercise of those voting rights changes, the management of listed companies in Japan should change.</li>
</ul>


METI's survey confirms that "the number of outside directors has increased, but they aren’t completely independent, as they're sometimes appointed by people with ties to the company" isn't incorrect statement.
The reality is that the parent companies of Japan's large asset management companies are financial institutions, and it's high hurdle to vote against proposals by clients of the parent company.
The BOJ is a major shareholder in many companies through its ETF holdings. If the exercise of those voting rights changes, the management of listed companies in Japan should change.


Shortcut to Tension in Japanese Company Management Is Change in Voting Power of BOJ ETFs

TSE Tokyo Price Index TOPIX

Shortcut to Tension in Japanese Company Management Is Change in Voting Power of BOJ ETFs