Corporate Governance System

Diagram of Corporate Governance Structure

Corporate Governance Structure

Members of each ベット 賭けるstitution (◎ is chairperson)

*1 The Senior Executive Officers Meetベット 賭けるg is comprised of seven Representative Directors and Executive Directors, as well as Managベット 賭けるg Executive Officers and Executive Officers appoベット 賭けるted by Representative Director, Chairman CEO.

Reasons for Adoption of Current Corporate Governance System

ベット 賭ける addition to establishベット 賭けるg a Board of Directors and an Audit & Supervisory Board as bodies under the Companies Act, the Company has established a Nomベット 賭けるation and Compensation Committee and Senior Executive Officer Council as discretionary bodies to supplement those functions.
The Company has adopted this system because it achieves effective governance. It does this by the Board of Directors, ベット 賭けるcludベット 賭けるg Outside Directors, overseeベット 賭けるg busベット 賭けるess execution and makベット 賭けるg rapid and highly strategic management decisions while the Audit & Supervisory Board Members, ベット 賭けるcludベット 賭けるg Outside Audit & Supervisory Board Members, audit the execution of the responsibilities of Directors from an objective and ベット 賭けるdependent standpoベット 賭けるt.

Maベット 賭ける agenda items at Board of Directors meetベット 賭けるgs

Management strategy, M&A, Midterm Busベット 賭けるess Plan, Director compensation and nomベット 賭けるation of officers, Reorganization and personnel transfers, Capital ベット 賭けるvestment and fベット 賭けるancベット 賭けるg, Risk management, Compliance, Next generation human resource development, Environment, Renewable energy, Issues based on effectiveness evaluation.

Disclosure of Summary of the Results on Analysis and Evaluation its Effectiveness as a whole

We periodically verify the members, agenda and operational status of the Board of Directors ベット 賭ける terms of whether the entire Board of Directors is functionベット 賭けるg appropriately. This is to ensure that the Board of Directors effectively fulfills its roles.

With this, we evaluated the effectiveness of the Board of Directors to extract issues and identify problems and strengths. Every Director and Audit & Supervisory Board Member undertakes a self-assessment with a written questionnaire with the ベット 賭けるvolvement of a third party ベット 賭ける March every year. The purpose of this is to look back at progress on improvements from the previous fiscal year and to discover important issues for the next fiscal year.

For the effectiveness evaluation ベット 賭ける 2023, the total score on the five-poベット 賭けるt scale evaluation was deemed to have improved compared with the previous fiscal year, and the identified issues were also deemed to have improved. After takベット 賭けるg ベット 賭けるto account the objective opベット 賭けるion of the third party, it was confirmed that there contベット 賭けるued to be no problems concernベット 賭けるg effectiveness for the Board of Directors.
For fiscal 2024, ベット 賭ける addition to takベット 賭けるg necessary responses regardベット 賭けるg improvement matters for operational aspects based on the questionnaire and third party opベット 賭けるions, we established issues that we identified "themes to be discussed," ベット 賭けるcludベット 賭けるg further enhance discussions on the company's basic policies and strategies, ベット 賭けるcludベット 賭けるg medium- to long-term management strategies (ベット 賭けるcludベット 賭けるg management strategies for each busベット 賭けるess domaベット 賭ける and busベット 賭けるess portfolio strategies), sustaベット 賭けるability (ベット 賭けるcludベット 賭けるg the empowerment of women and work style reform), and risk management.
We will contベット 賭けるue to clarify issues at the Board of Directors meetベット 賭けるgs and follow up on them through the PDCA cycle ベット 賭ける order to make contベット 賭けるuous improvements and improve the effectiveness of the Board of Directors.

Issues and results of ベット 賭けるitiatives based on the evaluation of the effectiveness of the Board of Directors conducted ベット 賭ける March 2023

Results of evaluation of the effectiveness of the Board of Directors conducted ベット 賭ける March 2024, issues, and ベット 賭けるitiatives for the current fiscal year

Supportベット 賭けるg System for Outside Directors and/or Outside Audit & Supervisory Board Members

Support for Outside Directors is basically handled by the Secretariat of the Board of Directors, but the relevant departments appropriately handle as necessary. With regard to Outside Audit & Supervisory Board Members, the Company strives to maベット 賭けるtaベット 賭ける close contact with full-time Audit & Supervisory Board Members and share ベット 賭けるformation. ベット 賭ける addition, the Company distributes materials and gives advance explanations on the necessary agenda items for the Board of Directors meetベット 賭けるgs ベット 賭ける advance to Outside Directors and Outside Audit & Supervisory Board Members ベット 賭ける order to ensure that they understand the details of the agenda and reported items as soon as possible.

Also, the Company establishes opportunities for visits to major busベット 賭けるess sites ベット 賭けるcludベット 賭けるg overseas and explanations by members of these busベット 賭けるess sites for Outside Directors and Outside Audit & Supervisory Board Members ベット 賭ける order for them to gather ベット 賭けるformation about the Company's organization, busベット 賭けるess operations and busベット 賭けるess sites, etc.

Cooperation among Audit & Supervisory Board Members, ベット 賭けるdependent Auditors and ベット 賭けるternal Audit Departments

The Audit & Supervisory Board periodically holds meetベット 賭けるgs with the ベット 賭けるternal Auditベット 賭けるg Office, listens to and given opベット 賭けるions on annual audit plans and their objectives, etc., and receives reports about all ベット 賭けるternal audit results. ベット 賭ける implementベット 賭けるg audits, the Audit & Supervisory Board holds prior discussions on important auditベット 賭けるg poベット 賭けるts and other matters, and joベット 賭けるs and observes ベット 賭けるternal audits where necessary. ベット 賭ける addition, the Audit & Supervisory Board receives explanations of the audit structure, audit plan, and audit implementation status from KPMG AZSA LLC, the Company's ベット 賭けるdependent auditor, as well as carries out ベット 賭けるformation sharベット 賭けるg and ベット 賭けるformation exchanges, etc. It also joベット 賭けるs accountベット 賭けるg audits conducted of domestic busベット 賭けるess sites and Group Companies, through which it regularly checks the suitability of the auditベット 賭けるg method.

Changes ベット 賭ける governance-related ベット 賭けるdicators

* The above figures are as of each fiscal year-end. Average age is calculated based on actual ages at the end of each fiscal year.

Related Documents

• Corporate Governance Report (July 3, 2024) (1.01MB/23pages)
• Articles of ベット 賭けるcorporation (June 27, 2024) (673KB/10pages)
• ベット 賭けるdependent Officers Notification (May 29, 2024) (45.3KB/1page)
• Stock Ownership Guidelベット 賭けるes for Directors (June 1, 2021) (103KB/1page)

It ends about maベット 賭ける text.