1. HOME
  2. Market News

Market News

Sep. 13, 2016 TSE How Listed Companies Have Addressed Japan’s Corporate Governance Code (as of July 2016)

 

Tokyo Stock Exchange, Inc. has published "How Listed Companies Have Addressed Japan's Corporate Governance Code (as of July 2016)", based on corporate governance reports submitted by listed companies.

<Summary>
Compared to the previous year, compliance increased as a whole.
　- 21.0% (+9.4 points from Dec. 2015) of companies listed on the TSE 1st & 2nd Sections claim full compliance with the Code Principles
　- 84.5% (+6.5 points from Dec. 2015) of companies claim compliance with no less than 90% of the Code Principles

Among the Principles with higher explanation rate as of December 2015, the compliance rate increased with the following three Principles:
　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　Compliance rate
Principle 4.8 (Appointing at least two independent directors) 　78.8% (increased by 21.3 points from Dec. 2015)
Supplementary Principle 4.11.3 (Board evaluation)　　　　　　　55.0% (increased by 18.7 points from Dec. 2015)
Principle 3.1 (Full disclosure)　　　　　　　　　　　　　　　　　　85.9% (increased by 14.0 points from Dec. 2015)


The Principle with the highest explanation rate is Supplementary Principle 1.2.4 (Electronic voting / English AGM notices)

How Listed Companies Have Addressed Japan's Corporate Governance Code (as of July 2016) icon-pdf
Corporate Governance Code

Contact

Listing Department
TEL:+81-3-3666-0141(Operator)
E-mail:jojo-kikaku@jpx.co.jp


Back to list