The Company has adopted a Board of Directors structure as part of the continuing effort to earn the trust of shareholders, customers, employees and other stakeholders, by pursuing a future of sustainable growth and endeavoring to increase corporate value over the medium and long term. In addition, an executive officer system has been introduced in order to further increase management efficiency, and the Company has appointed Outside Directors and Outside Audit & Supervisory Board Members to oversee and supervise the other Directors with the aim of enhancing transparency, fairness and propriety.
The Company has established a Corporate Governance Committee, which will take responsibility for setting basic policies related to the governance of the Company. In addition, it has introduced an effectiveness evaluation system for the Board of Directors, and continues to improve its operation based on the results.
The Company ’s approaches to governance are described in detail in the Corporate Governance Report issued in July 2021.
In December 2020 the Company held an external web based seminar for Officers on the subject of the SDGs. This was attended not only by Directors, but also Executive Officers and the representatives of Group companies, and provided participants with an opportunity to familiarize
themselves with the basic concept of the SDGs. Going forward the Group will continue to hold similar events at regular intervals, working together as one to promote SDGs initiatives.
With the aim of both checking that the Board of Directors is being managed effectively and providing a foundation for improving the issues extracted, the Company operates a continuous program for the annual evaluation of the effectiveness of the Board of Directors. In FY2020, as well
as making further improvements to prior explanations of the materials to be deliberated at meetings of the Board of Directors, the Company also enhanced the prior provision of information to Outside Directors and Outside Audit & Supervisory Board Members.
By continuing to promote improvements based on the effectiveness evaluation going forward, we will work to ensure still greater efficacy.