Governance structure
The existing employment-based executive officer system will be abolished and a delegated executive officer system introduced. An Executive Officer Council will be established.
| Item | Details |
|---|---|
| Committee | Nomination Committee (proportion of outside members: Not disclosed) |
| Changes this time | The existing employment-based executive officer system will be abolished and a delegated executive officer system introduced. An Executive Officer Council will be established. |
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.To clearly separate management decision-making and oversight functions from business execution, clarify the independence of executive officers and the responsibilities of their respective departments, thereby strengthening the functions of the Board of Directors while improving the efficiency of business execution, speeding up decision-making and clarifying accountability for results.