1999 |
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2003 |
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2006 | Enforcement of Companies Act |
2010 |
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2012 |
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2014 | Development of Stewardship Code |
2015 | Application Start of Corporate Governance Code |
2016 |
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2019 |
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2022 | Reception of Grand Prize Company at JACD Corporate Governance of the Year® 2022 |
2023 |
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We are implementing all the principles of the Corporate Governance Code. Please refer to the Corporate Governance Report for details.
In accordance with the provisions of the company law, the Company shall determine the candidates Director Nominating Committee. The size, structure, aptitude, and independence of the independent Director of the Board of Directors, which should be considered in determining the Director candidate, are stipulated in article 2 and 5 of the company's Corporate governance guidelines:
In nominating a director candidate, the Nominating Committee shall consider that:
The Nominating Committee considers an outside director to be independent unless:
The composition of the Board of Directors elected based on the above, and the experiences and insights, and skills of each director are as follows.
At Board of Directors, discussions are conducted from a variety of perspectives by directors possessing a wealth of experience and knowledge pertaining to management, risk management, legal affairs, accounting, government, international and educational organaizations, sastainability and digital initiatives at global corporations.
The Company evaluates the effectiveness of its Board of Directors as a whole each year, in a continuous effort to maintain and improve its functions.
Points of evaluation | |
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1. Questionnaire-based self-assessment by each Director (February 2025) |
All Directors carried out a self-assessment of the Board for the following points through distributed questionnaires.
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2. Discussions among Independent Directors and Non-Executive Directors (March 2025) |
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3. Discussions at the Board meeting (April 2025) |
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Overall evaluation | |
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Overall evaluation in FY2024 |
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Future Initiatives | |
Enhancement of corporate governance and further improvement of the effectiveness of the Board |
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Enhancement of the Board support system and improvement of practical issues in operations |
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Dialogue with investors |
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