Proposal: A call to financial market participants to push for greater board independence & diversity in corporate Japan.

We believe that a greater emphasis on corporate governance is required for businesses to align with the guidelines provided by the Japan Securities Clearing Corporation (JPX) and Ministry of Economy, Trade, and Industry (METI) for increasing corporate value and improving return on equity. We are calling for the regulators in Japan to provide a framework to companies on the listed exchanges for increasing board independence and diversity over time. The goal is to attain a majority of independent boards by 2030.