Our basic policy for corporate governance is to increase the efficiency and transparency of business management, thus raising our corporate value.
To strengthen corporate governance systems, we have adopted an Audit and Supervisory Committee system. The Audit and Supervisory Committee, which monitors and audits our business, consists only of outside directors, including more than one independent director. These outside directors serving on the Committee have the rights to vote for the Board of Directors and to make a statement about nomination of directors, remuneration, etc. for the General Meeting of Shareholders, which further enhances the effectiveness of the supervision of business management.
We have also adopted an Executive Officer system to separate the decision-making and supervisory functions of the Board of Directors from its business execution. By delegating part of decision-making authorities for material business execution to directors, we ensure that matters of special importance are discussed thoroughly by the Board of Directors, while other business judgements are made swiftly by executive officers under Representative Directors (the executives).