The guidelines for increasing the transparency of management of listed companies have been revised, and companies listed on the First Section of the Tokyo Stock Exchange will be required to appropriately disclose management strategies and loss risks related to climate change. I did.
On the 31st, the Financial Services Agency and the Tokyo Stock Exchange announced a revised draft of the "Corporate Governance Code," a guideline for increasing the transparency of management of listed companies.
As a result, in light of the growing interest in climate change countermeasures among domestic and foreign investors, a management strategy and weather disaster related to climate change occurred for companies listed on the First Section of the Tokyo Stock Exchange. It requires that the risk of loss in the case be disclosed appropriately.
After the TSE reorganizes the market in April next year, it will be targeted at "Prime" listed companies, which is the current "Part 1".
We also require that more than one-third of the members of the board of directors be outside directors independent of the company, and encourage active disclosure of corporate information in English.
The Financial Services Agency and the Tokyo Stock Exchange hope to apply the revised guidelines from June to improve corporate value from the perspective of investors. The issue is whether it can be penetrated into.