93.6% of listed company have “independent officer”

July 21, TSE announced that 93.6% of TSE’s listed company became to have “independent officer” by July 16.

According to TSE, three quater of all “indepandent officer” are outside auditor,thus,outside director is minor.

But, in large company whose aggregate market value is over 1 trillon yen(about 120 billion dollars), outside directors and outside auditors are half and harf.

Outside directors in board are steadily increasing in large companies in Japan.