Correlation and Causation: Good Governance Practices and Firm Performance in Japan

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• Benes Nicholas

  公益社団法人会社役員育成機構 (BDTI) 代表理事 (Representative Director)

  ・2020年01月21日

  ”Our methodology is shown on page 23 . Our analysis suggests that the adoption of the following practices leads is followed by (appears to cause) improvements in ROA compared to the average for a firm’s industry over the next two years. Please see the charts on the left side of each page:
  
  Adding an nomination committee of some sort (p. 27)
  
  Appointing an outside director as the chair of that committee (p. 28)
  
  The combination of nomination committee with a board composition with >33% independent directors (p. 30)
  
  Adopting a performance-linked compensation plan for executives (p. 29)