TOKYO -- Nikkei and JPX Market Innovation & Research (JPXI) will revise the gender criteria for candidates of companies included in the JPX-Nikkei Index 400 and the JPX-Nikkei Mid and Small Cap Index, the two index providers said on Wednesday, aiming to increase the number of women in highly rated companies' decision-making.
In a statement released on Wednesday, Nikkei and JPXI proposed changing the current requirement of "at least one female" among board members and executive officers to "at least 30%," as an item used for calculating companies' scores. The two will invite public comments on the proposal through the Japan Exchange Group (JPX) website until Dec. 21 and then make a final decision. The revision will be implemented in the periodic review scheduled for August next year.
In June, the Japanese government set a target of increasing the ratio of female executives at companies listed on the Tokyo Stock Exchange's Prime market to 30% or more by 2030. Nikkei and JPXI said the proposed revision of the JPX-Nikkei indexes aims to adjust their gender criteria per this official target.
For more details, please visit the Nikkei indexes website.
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