Accelerating Decision-Making and Executive Officer Meetings

「To improve the functions of the Board of Directors, the company conducts a questionnaire survey of all directors, including outside directors, and all corporate auditors, including outside corporate auditors, and evaluates the effectiveness of the Board. For the fiscal year ended March 2019, the aggregated questionnaire results showed an overall average score above the benchmark, while the third-party evaluation found that effectiveness was generally ensured. The company confirmed that its Board of Directors was functioning appropriately and that its effectiveness was ensured.」

「The company has introduced an executive officer system to invigorate the Board of Directors, accelerate decision-making, and strengthen its business execution framework.」

「In addition to further strengthening the functions of the Board of Directors, which meets once a month, the company holds the Executive Officer Meeting once a month as a body for strengthening monthly oversight of management conditions, discussing important executive policies relating to the company's management, and improving management efficiency. The meeting is attended by the president, all executive officers, outside directors, corporate auditors and heads of divisions. The company also regularly holds a meeting of the presidents of affiliated companies to establish, under its regulations for the management of affiliated companies, a system that ensures the proper operation of subsidiaries and enables efficient discussion of internal control matters, information sharing, and the communication of instructions and requests.」

「The company has introduced an executive officer system to invigorate the Board of Directors, accelerate decision-making, and strengthen its business execution framework. The Executive Officer Meeting is held once a month as a body for discussing important executive policies relating to the company's management and improving management efficiency.」