The tax year will soon end! If you are interested to help improve corporate governance in Japan by supporting its up-and-coming “Institute of Directors”, please consider making a tax-deductible donation to our government-certified non-profit using this link: https://bdti.or.jp/en/about/make-a-donation/ . a Here is “why director training is so essential in Japan: あ Donations to BDTI can be […]
Month: December 2023
ESG Insights for Legal Department IV: “Is TNFD the Next TCFD?”
This is the transcript of the forth episode of T&P’s video series “ESG Insights for Legal Departments.” Please visit T&P’s website for the video in Japanese.
ESG Insights for Legal Departments III
This is the English transcript of the third episode of T&P video series, “ESG Insights for Legal Departments.” If you are interested in, please check the video in Japanese at:
ESG Insights for Legal Departments II
This is the transcript of the second episode of T&P’s video series “ESG Insights for Legal Departments.” Please visit T&P’s website for the video in Japanese.
METRICAL:Companies with over 50% Independent Directors Have High Profitability and Stock Valuations
The ratio of independent directors is on the rise, with the number of companies with a majority of independent directors (more than 50%) increasing to 280 out of the 1,781 companies in the Metrical Universe at the end of September 2023. I would like to examine the characteristics of companies with a majority of independent directors.
The chart below shows the number of companies in the Metrical universe with a majority of independent directors (more than 50% independent directors). Since there are less than 1,800 companies in the Metrical universe, the percentage of companies in the universe with a majority of independent directors (more than 50%) has just risen to 15.7% as of the end of September 2023, so it will take some time before a majority of companies have a majority of independent directors on their boards. It is likely to take some time before the majority of companies have a majority of independent directors on their boards. However, the number of such companies is gradually increasing.