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.

CG Watch, Which Made Great Strides Will Be Tested Next Time for Substantial Governance Improvements

Size of Market Capitalization Will Make a Difference in Corporate Governance and Value Creation

A Change in Manager's Mindset that Has Begun Will Lower the Investment Risk for Activist Investors

Headline Is Eye Catching, but the Revised Voting Criteria Do Not Affect Most Companies

Nominating Committee Also Has Problems Achieving Only Formal Criteria of Corporate Governance Code

Investors Expect a Feasible Management Strategy Rather than an Accurate Cost of Capital

Interesting that the Buy Parent Company + Sell Subsidiary Trade Does Not Work

"Requests" Through Overseas Investor Engagement Will Continue to Be More Effective than TSE Requests

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

<ul>
<li>While disclosure of committee activities in annual securities report provides clues to the independence of committee, this might create higher hurdle for moving to Company with US type 3 Committees.</li>
<li>Based on the premise that disclosure of committee activities can change management's mindset and enable committees to function, more specific details should need to be disclosed to all listed companies.</li>
<li>Many companies have nominating committees that meet 1-2 times a year before the AGM. Few companies have a Succession Plan, which is of great interest to investors.</li>
</ul>


While disclosure of committee activities in annual securities report provides clues to the independence of committee, this might create higher hurdle for moving to Company with US type 3 Committees.
Based on the premise that disclosure of committee activities can change management's mindset and enable committees to function, more specific details should need to be disclosed to all listed companies.
Many companies have nominating committees that meet 1-2 times a year before the AGM. Few companies have a Succession Plan, which is of great interest to investors.


What Can Be Done to Make the Independence of the Committee Function that Investors Have Questioned?

TSE Tokyo Price Index TOPIX

What Can Be Done to Make the Independence of the Committee Function that Investors Have Questioned?