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| Message from the New Representative Director |
After a sharp downturn at the beginning of the month, the August stock market gradually calmed down and recovered much of the decline by the end of the month. In August, the CG Top 20 stock market outperformed both TOPIX and JPX400 for the fourth consecutive month. The stock market in August, which started following […]
Nicholas Benes Representative Director, The Board Director Training Institute of Japan (BDTI) (The following is my personal opinion and not that of any organization. This is a translation of the original article.) As sent to prospective candidates to be the next Prime Minister, in no particular order: Chief Cabinet Secretary Yoshimasa Hayashi, Minister for Foreign […]
In this article, I would like to discuss what trends are seen in companies with high corporate governance practice evaluations and what relationship there is between corporate governance practices and profitability and valuations of the companies. Since February 2018, Metrical has evaluated a universe of approximately 1,800 companies using more than 40 evaluation criteria based […]
For the third year in a row, Oasis Management Company Ltd. (“Oasis”) will support director training for women in Japan. Oasis will pay all costs for qualifying women who enroll by the end of June to take any of BDTI’s director training courses described below. The goal of the initiative is to equip highly qualified […]
The discussion focused on the rapidly changing picture of environmental, social and governance (ESG) requirements for companies as they come under increasing pressure from stock markets to provide transparent, measurable and comparable data on their activities.
And let’s not forget pressure from employees, suppliers, customers and other societal stakeholders. ESG risks and opportunities are a fast-moving field, with new regulations and expectations coming thick and fast.
For companies that want to effectively adapt to these evolving ESG requirements, including climate change, that process must start and end with the board of directors. ESG and climate change are areas where board directors cannot provide oversight if they don’t have the insight.
Unfortunately, today’s boards are not as ready as I believe they should be if we want future-fit organizations.
In my previous article, “How far has corporate governance progressed in 2021 (4),” I discussed the correlation analysis of each measure of corporate governance practices with the respective rates of change in ROA and ROE as of December 2020 and December 2021 for 1,704 companies in the Metrical Universe. The results showed that when corporate […]
May stocks closed the month recovering the price declines of the first half of the month as the U.S. stock market rallied in favor of a slowdown in the rise of inflation numbers. CG Top 20 stocks underperformed against both TOPIX and JPX400 indices in the bear market. In the first half of the month, […]
In Japan, traditionally there was no role of “General Counsel” (GC), the senior in-house counsel/lawyer, who sometimes sits on the board. Instead, until recently the standard model was that companies had a “Legal Department” led by a general manager who normally was not a licensed lawyer, and therefore had less to “lose” if he […]
by David Snoddy, CEO of Nezu Asia SUMMARY The nature of Japan’s relationship with equity market capitalism changed significantly from the first decade to the second of the 21st century. The first decade, particularly after the resignation of PM Koizumi in 2006, was often characterized by open conflict, with the most obvious examples being the […]
In my previous article, “How far has corporate governance progressed in 2021 (3),” I discussed the results of a correlation analysis between the percentage change in market capitalization as of December 2020 and December 2021 for 1,704 companies in the Metrical universe and the respective changes in Tobin ‘s q, ROA, and Metrical Score, respectively. […]