In order to establish management that earns the high appraisal and trust of shareholders, customers, employees, and society, Takasago International Corporation Group strives to reinforce corporate governance through the improvement of the appropriateness of managerial decision making, its capabilities for checking management, and management transparency by way of information disclosure. We will always recognize reinforced corporate governance as an issue of foremost importance for management and will make every effort to achieve it.
Board of Directors
The Board of Directors consists of eight members, including one Outside Director, and is our highest decision-making body for management. The Outside Director is introduced in order to activate discussion in our management by adopting a perspective from outside of our industry, and at the same time to further strengthen management supervisory functions by maintaining more independence.
We intend to clarify the responsibilities of the Directors by introducing a one-year term of office for Directors and abolishing the retirement benefits for Directors and Corporate Auditors. We have also introduced a Corporate Officer system. The Board of Corporate Officers is a body made up of all of the Corporate Officers and strives for prompt and appropriate decision-making subordinately to the Board of Directors, while the Board of Directors is focused on the enhancement of management supervisory functions. We hold one meeting of the Board of Directors and one meeting of the Board of Corporate Officers each month, and one meeting of the Management Committee each quarter.
Board of Corporate Auditors
All members of the Board of Corporate Auditors are Outside Corporate Auditors (including one independent Corporate Auditor). The purpose of this structure is to enable each Corporate Auditor to exercise his or her audit capabilities for management from a neutral standpoint, based on his or her own experience. We also have the Board of Corporate Auditors operate more effectively through full cooperation with the Internal Audit Division and an Accounting Auditor. By doing so, we prevent the Board members from taking reckless action beyond the scope of their authority in emergency situations and ensure that our accountability is continuously maintained.
