As a Company with Committees, Sompo Holdings has established a governance structure where the Board of Directors composed mainly of outside directors, provides oversight of management. The Board of Directors and three statutory committees, namely the Nomination Committee, Compensation Committee, and Audit Committee, are all chaired by outside directors. These committees engage in fair and active discussions aimed at strengthening Group governance, and the Board of Directors actively and proactively share the status of business execution to enhance the soundness and transparency of governance.
Sompo Holdings uses the Business Segment System and Group CxO System for business execution under the overall leadership of the Group CEO to facilitate agile and flexible decision-making and business execution as well as clarify authority and responsibilities.
Organizational structure |
Company with Committees, such as Nomination Committee |
Number of Directors |
13, of which 9 are Outside Directors
・Percentage of non-executive directors: 76.9% (10 out of 13)
・Percentage of outside director: 69.2% (9 out of 13) |
Member of the Board, Nomination Committee, Audit Committee, and Compensation Committee
* Outside Director as set forth in Article 2 (XV) of the Companies Act.
Executive Officers and Senior Vice Presidents
Executive officers shall make decision and perform duties with respect to the matters delegated from the Board of Directors. Senior Vice Presidents execute business following a partial delegation of business execution authority from Executive Officers.
Appointment of Directors , Executive Officers and Senior Vice Presidents
Directors shall be appointed at the General Shareholders Meeting based on the selection by the Nomination Committee. Executive officers and Senior Vice Presidents shall be appointed at the General Shareholders Meeting based on the selection by the Nomination Committee. Additionally, the company formulated the “Policies for Appointment of Directors and Executive Officers” and disclosed it to public.
- The “Policies for Appointment of Directors and Executive Officers” is stipulated in chapter 5 of the Corporate Governance Policy.
Decisions regarding compensation, etc.
The Company formulated the “Policies on Decisions regarding Compensation for Directors and Executive Officers” according to the decision by the Compensation Committee and disclosed it to public.
- The “Policies on Decisions regarding Compensation for Directors and Executive Officers” is stipulated in chapter 7 of the Corporate Governance Policy.
FY2023: Record of meetings of the Board of Directors, Nomination Committee, Audit Committee and Compensation Committee
From April 2023 to March 2024
Board of Directors meetings |
Held 13 times
Attendance: 96.3%
|
Nomination Committee |
Held 16 times
Attendance: 98.8%
|
Audit Committee |
Held 14 times
Attendance: 98.7%
|
Compensation Committee |
Held 11 times
Attendance: 98.2%
|
- For details of the attendance of each director, please refer to the link below.
Biography of Management Team
Corporate Governance Policy