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About Us

History, Core Beliefs, Programs, and More


The JBDN is the most influential global network of female board directors and senior professionals dedicated to improving corporate governance and board diversity in Japan. 

The JBDN was founded in April 2021 with 20 charter members, including honorary members Kathy Matsui, Jenifer Rogers, Masako Egawa, and Kaori Sasaki.

Program Content
Program Content

The JBDN focuses on board excellence and presents on topics including:

Financial Fundamentals

Strategy, ROE & Valuation

Strategic M&A

Capital Allocation

ESG Indexes, ESG Investing

Corporate Governance

Role of the Independent Director

Diversity Management

Investor Engagement

Proxy Advisors


Nominating Committees

Compensation Committees

Audit Committees

Digital Transformation

Crisis Communications

About the Founder

Tracy Gopal, CFA, MBA


Tracy Gopal has been passionate about Japan for three decades. She believes that progress in corporate governance is important for long-term sustainable growth and corporate value.  She founded Third Arrow Strategies after 20 years with EY, GCA and ISS.  She has advised C-suite management teams and Boards of Directors on transactions (valuation, mergers, acquisitions, divestitures, and restructurings) and investors on corporate governance (proxy voting, proxy policy, stewardship, governance risk, and effective engagement).

Tracy is a proactive and collaborative problem solver who excels at educating, informing, and inspiring. She currently serves on the Executive Board of the Japan Society of Northern California (JSNC) where she is the Co-Chair of Programs, Founder/Chair of the JSNC Women's Impact Network, and a member of the Audit Committee. She is a Council Leader at the US-Japan Council.

She received her MBA from Duke University, Fuqua School of Business, and her BA from the University of Michigan-Ann Arbor, Phi Beta Kappa, Economics. She has been a CFA Charterholder since 2002. She is fluent in Japanese and a frequent public speaker in both English and Japanese.

Professional Photo of Tracy Gopal, CFA, MBA, Founder, Third Arrow Strategies and the Japan Board Diversity Network
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