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.

Mandatory Disclosure of Gender Wage Differentials Is Still a First Step

The Key to Creating Added Value Is to Shift to Management that Values Human Resources

The Time Is Not Far off when the Prime Market Listing Criteria Itself Will Be Questioned

Companies Holding "Continuation Meetings" Will Hold Them on the Days of Concentration of the AGMs

No Causality Between Shareholder Proposal Withdrawal and Share Price, but Dialogue Is a Good Thing

Japan's Governance: Takeover Defense Measures and Foreign Shareholder Ratio

The Adoption of the Presence of Female Directors as a Criterion for Voting Was Finally a First Step

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>As discussed in my previous article, when the % of foreign shareholders increases, companies tend not to bring up the continuation of takeover defense measures at shareholder meetings.</li>
<li>The threshold level, so to speak, of the % of foreign shareholders that determines whether or not to continue takeover defense measures is estimated to be in the 30% range.</li>
<li>If other domestic institutional investors follow, threshold level will be lowered and lead to a more tense corporate management, which will have a positive effect on the board of directors.</li>
</ul>


As discussed in my previous article, when the % of foreign shareholders increases, companies tend not to bring up the continuation of takeover defense measures at shareholder meetings.
The threshold level, so to speak, of the % of foreign shareholders that determines whether or not to continue takeover defense measures is estimated to be in the 30% range.
If other domestic institutional investors follow, threshold level will be lowered and lead to a more tense corporate management, which will have a positive effect on the board of directors.


Voting Rights that Fulfill Fiduciary Duty Are a Key for Tense Corporate Management Practices

TSE Tokyo Price Index TOPIX

Voting Rights that Fulfill Fiduciary Duty Are a Key for Tense Corporate Management Practices