Efforts to improve the effectiveness of the Board of Directors

The Company's Articles of Incorporation stipulate that the number of directors shall be no more than nine, and while it is fundamental that the Board of Directors consists of the necessary and appropriate number of people to ensure an effective management system and substantive discussions at Board meetings, in order to ensure expertise, the Board of Directors shall be composed of appropriate persons, considering the balance between executive directors who are excellent in character, insight, and ability to execute, and who are familiar with the business of the Group, and independent outside directors. is.

◆ represents skills as an experienced representative director.

The skills of executive directors, excluding those who have experience as representative directors, are limited to four items.

The Board of Directors resolves matters stipulated by laws and regulations or the Articles of Incorporation, as well as important company matters stipulated in the Board of Directors Regulations.
In addition, Executive Management Meeting, which is comprised of executive directors and others, deliberates matters to be resolved by the Board of Directors in advance, and provides advance explanations to outside directors who are not attending Executive Management Meeting. Additionally, as a means of communication between outside directors and business execution divisions, in addition to the Board of Directors meetings, we hold reporting sessions from the heads of each division to outside directors on the status of divisional operations (held 7 times in fiscal 2022). In addition, we strive to improve the efficiency of deliberations at the Board of Directors and ensure the rationality of decision-making, such as by establishing and implementing the "Detailed Regulations for the Preparation of Agenda for Board of Directors Meetings."