General Information on ESG Data
To identify our ESG-related issues, we have conducted ESG surveys targeting our Group companies since fiscal year 2011. The tables below show our major ESG data, as obtained from the survey results. The survey is conducted on Sompo Holdings and its consolidated companies in and outside Japan.
To disclose ESG data that includes our consolidated subsidiaries engaged in various types of businesses (including insurance and financial business, and nursing and healthcare business), this report uses sales revenues as the basis to calculate coverage ratios.
Our Group is continuously engaged in further improvement of company governance in accordance with the Corporate Governance Code to raise medium-term company value and promote continuous Group growth. We transitioned to “Company with committees” in June 2019 as a part of strengthening our corporate governance system.
We enforce each and every principle of the Corporate Governance Code. We comply with the recommendation that, if a listed company believes it necessary to appoint at least one-third of directors as independent outside directors, it should appoint a sufficient number of independent outside directors (CG Code Principle 4.8), and as of the closing of our 9th Ordinary General Meeting of Shareholders, more than half of our directors (seven out of 11) were outside directors. Of these, 10 are Japanese, one is non-Japanese, eight are men, and three are women. Additionally, the average term of office (including period as a member of Audit & Supervisory Board) is 4.6 years.
Please see our Corporate Governance Overview for information on our fundamental principles and other information related to Corporate Governance.
Furthermore, at Sompo Holdings‘ group company Sompo Japan Nipponkoa Asset Management, the Standards for Exercising Voting Rights for Domestic Stocks based on our Proxy Voting Guidelines lays out specific decision-making criteria that deems a candidate ineligible when either 1 or 2 below applies, and in principle we will dissent against such candidate’s appointment.
|(1) A person with lower than 75% attendance rate at Board of Directors meetings, without justifiable reason
(2) A person who serves as outside director or outside auditor at five companies or more simultaneously, and who has lower than 80% attendance rate at Board of Directors meetings
We will continue to strengthen our company’s corporate governance system based on these kinds of principles.
●Number of meetings held by the Board of Directors and the Board of Corporate Auditors as well as the participation status of the Board Members
Record of the meetings of Board of Directors and Audit & Supervisory Board in FY2018
under the structure of a "Company with Audit & Supervisory Board"
|Board of Directors meetings
||Held 14 times
Attendance: 98.2% of Directors, 100% of Audit & Supervisory Board Members
|Audit & Supervisory Board meetings
||Held 13 times
We maintain a structure comprising eight internal directors involved in the execution of business and appoint an additional four outside directors. At present, the number of independent outside directors is more than one-third of the total.
●Compensation for Directors and Audit & Supervisory Board Members (FY2019)