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.

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

Challenge Is to Raise Governance and Return on Capital for More Companies Beyond Matching Numbers

Challenges in Using Cash, Even in Companies with 30%+ Female Board Members, with Excellent Practices

Investors Want to See a Shift in Management to Create Value, Not Just Meet Government Target Numbers

The Solution to Better Corporate Governance Is to Reduce the # of Companies with Large Shareholders

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>The fact that institutional investors consider whether a company has zero female board members when voting has led to decrease in the number of companies with zero female board members.</li>
<li>Since fewer companies have zero female board members but a minority of companies have at least two female board members, achieving 30% female board members seems somewhat of a hurdle.</li>
<li>While tenure and concurrent service of female board members are problematic, the starting point is to ensure that women have  a 30% voice on the board and to promote diversity.</li>
</ul>


The fact that institutional investors consider whether a company has zero female board members when voting has led to decrease in the number of companies with zero female board members.
Since fewer companies have zero female board members but a minority of companies have at least two female board members, achieving 30% female board members seems somewhat of a hurdle.
While tenure and concurrent service of female board members are problematic, the starting point is to ensure that women have  a 30% voice on the board and to promote diversity.


The Goal of 30% Female Board Members Is Somewhat Hard to Achieve Given the Current Situation

TSE Tokyo Price Index TOPIX

The Goal of 30% Female Board Members Is Somewhat Hard to Achieve Given the Current Situation