Having adopted a Company with Committees structure, we have established a governance system in which the Board of Directors, led by outside directors, supervises the executive divisions. We also have three legally mandated committees—the Nomination Committee, Compensation Committee, and Audit Committee—all chaired by outside directors.These committees engage in fair and active discussions aimed at strengthening the Group’s governance. They also actively and assertively share the status of execution at Board of Directors meetings in order to enhance the soundness and transparency of governance.
The Company utilized the business owner system, the Group Chief Officer system,
and the executive officer system, under the general oversight of the Group CEO
and Group COO, for its business operation system to enable agile and flexible
decision-making and business execution as well as ensuring the clarity of authority
||Company with committees, such as Nomination Committee
|Number of Directors
||14, of which 10 are Outside Directors
・Percentage of non-executive directors: 85.7% (12 out of 14)
・Percentage of outside director: 71.4% (10 out of 14)
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.
FY2021: Record of meetings of the Board of Directors, Nomination Committee, Audit Committee and Compensation Committee
From April 2021 to March 2022
|Board of Directors meetings
||Held 13 times
||Held 11 times
||Held 12 times
||Held 10 times
- For details of the attendance of each director, please refer to the link below.
Biography of Management Team
Corporate Governance Policy