Governance structure
The Company conducted an evaluation of the effectiveness of its Board of Directors. As initiatives undertaken since the previous fiscal year, it clarified management policies that take capital costs and the share price into account, formulated a roadmap for rebuilding its core systems in relation to DX, and implemented security measures and training. It identified matters for deliberation and the time allocated to deliberation, Board materials, time for consideration, and executive compensation and succession planning as ongoing issues.
| Item | Details |
|---|---|
| Number of directors | Total: 8 (of whom the number of outside directors is Not disclosed) |
| Changes this time | The Company conducted an evaluation of the effectiveness of its Board of Directors. As initiatives undertaken since the previous fiscal year, it clarified management policies that take capital costs and the share price into account, formulated a roadmap for rebuilding its core systems in relation to DX, and implemented security measures and training. It identified matters for deliberation and the time allocated to deliberation, Board materials, time for consideration, and executive compensation and succession planning as ongoing issues. |
Items this document does not state (6)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Based on the results of questionnaires and written comments from all directors, which were analyzed with advice from an external organization, and discussions among all directors, the Company determined that the Board's composition, meeting frequency, meeting duration, discussion content and decision-making processes were generally appropriate.