SOMPO has two executive meeting committees: Global Executive Committee (Global ExCo) and Managerial Administrative Committee (MAC). These two committees, within the scope of authority delegated to them by the Board of Directors, discuss important themes within the Group and advance decision-making in a prompt and appropriate process under the following roles and functions. In principle, it is a policy to report matters delegated to the executive divisions to the Board of Directors. We also ensure transparency by ensuring a system for sharing information on execution of operations with Directors in various ways, by having Directors observe executive meetings.
| Global ExCo |
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[Chairperson]
Group Chief Executive Officer
[Members]
Group Chief Executive Officer, Group Chief Operating Officer, CEO of Domestic P&C Insurance Business, CEO of Overseas Insurance and Reinsurance Business, CEO of Domestic Life Insurance Business, CEO of Nursing Care & Seniors Business, CEO of Digital Business, Chairman of Overseas M&A, Executive Officer in Charge of the Healthcare Domain, Group Chief Officers
[Frequency of Meetings]
Six times per year in principle
[Role & Function]
Comprised of diversified members, including overseas executive officers, Global ExCo discusses topics that have a significant impact on the Sompo Group’s strategy, business operation policy, and other areas of business management. It is the highest-level committee of the executive divisions that makes prompt and appropriate high-level decisions.
The content of discussions is not just reported to the Board of Directors, which oversees the executive divisions, but Directors themselves also observe the meetings, and opportunities for free discussion about key topics are also set up in order to ensure transparency in the decision-making process.
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| MAC |
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[Chairperson]
Group Chief Operating Officer
[Members]
Group Chief Operating Officer, CEO of Domestic P&C Insurance Business, CEO of Domestic Life Insurance Business, CEO of Nursing Care & Seniors Business, CEO of Digital Business, Executive Officer in Charge of the Healthcare Domain, Group Chief Officers, top executives of key domestic Group companies
[Frequency of Meetings]
Every month
[Role & Function]
Concrete discussions are held at the Managerial Administrative Committee (MAC), the advisory body of the Group COO, primarily about domestic business projects and managerial and administrative matters. Additionally, MAC also holds additional discussions based on the instruction of Global ExCo, such as prior discussions of Global ExCo meetings depending on the matter at hand.
The two committees work together organically, with the content of MAC discussion immediately shared with Global ExCo members, including overseas executive officers.
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