THE WHAT? Shiseido has been named among the companies with the highest percentage of female directors in fiscal 2021, according to a report published by nippon.com. Women account for 46.2 percent of the J-beauty firm’s directors, placing it in 8th position. C’Bon Cosmetics was ranked 10th with 44.4 percent.
THE DETAILS Indeed, the number of female directors in Japan has hit an all-time high; a survey carried out by Tokyo Shoko Research calculated the number of women in the coveted senior role across 3,795 companies at 3,575 in fiscal 2021, up 21.5 percent on the prior year.
Overall, women account for 9 percent of all directors, up from 7.4 percent in fiscal 2020. Just seven firms have reached parity with 50 percent or more female directors and some 40 percent of the listed companies had no female directors.
THE WHY? Nippon.com says that market pressure is behind the increase in female directors with Tokyo Stock Exchange mandating diversity via its Corporate Governance Code and investors demanding more from the companies they invest in.