Six Years, Zero Attendance: Japan's Worst Board Turnout Rankings
# TSE-listed company# outside director# board attendance# corporate governance# ISS report
Key Points
- An outside director of a TSE-listed company did not attend any board meetings for six years.
- ISS advises institutional investors to oppose directors with less than 75% attendance.
- ISS 2026 report analyzes board attendance rates among Japanese firms.
- Low attendance may negatively impact corporate governance ratings.
- The case has sparked debate on director accountability and oversight.
Analysis
Taiwan investors and corporate leaders should pay attention to board attendance issues, as they reflect governance maturity and impact investor confidence. ISS reports show that low attendance can lead to institutional investor opposition, aligning with Taiwan's recent corporate governance reforms. In markets where governance systems are still evolving, directors' actual oversight is crucial to long-term value. This case reminds Taiwanese firms that boards are not just formalities, but key to sustainable business.