Governance

Corporate governance

・The company has adopted the corporate auditor system.
・The company has appointed four directors. To ensure management transparency, one of the directors is an outside director who is independent of the company.
・The company has appointed three corporate auditors (two outside corporate auditors). All of the outside auditors are independent of the company.
・The company has appointed executive officers to clarify functions and responsibilities related to management and business execution in order to speed up and improve efficiency of decision making.
・The company holds regular meetings of the Board of Directors to make decisions on important business operations in accordance with the Board of Directors Regulations and agenda items for the Board of Directors meetings.
・The company has established authority regulations, division of duties regulations, and approval regulations for daily business execution, and makes decisions in a timely and accurate manner according to the matters in question.
・The company’s subsidiaries ensure the appropriateness of their business operations through the company's prior approval and reporting system, etc., based on the company's Affiliated Company Management Regulations.

・The company has established the Charter of Corporate Behavior and Compliance Regulations for the company and its subsidiaries as the basis of its compliance system.
・The company ensures that all directors and employees of the company and its subsidiaries are familiar with the company's Charter of Corporate Behavior and Compliance Regulations.
・The company has established a Compliance Committee to develop compliance systems in the company and its subsidiaries and to identify problems.
・The Compliance Committee takes appropriate action against matters equivalent to violations of laws and regulations or compliance violations, and formulates and implements measures to prevent recurrence of such violations.
・The company has introduced and operates an internal reporting system to ensure the early detection and correction of compliance problems.