Based on the Corporate Governance Guidelines, the Company regularly evaluates the effectiveness of the Board of Directors, with the aim of increasing the effectiveness of the Board of Directors and enhancing corporate value. For fiscal 2023 as well, we analyzed and assessed the effectiveness of the Board of Directors as follows.

1.Methods of analysis and assessment related to the effectiveness of the Board of Directors

Interviews were held with outside directors based on an anonymous survey of all directors regarding the following items and the results.
　Based on the outcomes, the effectiveness of the Board of Directors was analyzed and assessed by the Board of Directors, and ways to respond in the future were considered.

  • Board of Directors' structure
  • Board of Directors' effectiveness
  • Effectiveness of appointment and remuneration systems for directors and executives
  • Board of Directors' management
  • Personal evaluation
  • Structure of support and cooperation for outside directors
  • Roles of Audit and Supervisory Committee members and the expectations to them
  • Relationship with shareholders and other stakeholders

* The assessment covers the same items covered in fiscal 2022 in order to make the results comparable with the results of fiscal 2022.

2.Outline of analysis and assessment results related to the effectiveness of the Board of Directors, and responses going forward

The Board of Directors of the Company is constructing an appropriate system for the monitoring of key management decision-making and business execution, and recognizes that the effectiveness of the Board of Directors as a whole has been ensured.
　On the other hand, with regard to deepening medium- to long-term strategic discussions, which was an outstanding issue last year, the Board of Directors has acknowledged that constructive discussions in the Group as a whole need to continue to further enhance corporate value.
　Based on the analysis and assessment results, the Board of Directors of the Company will concentrate on addressing the above-mentioned issues, and will strive to further improve its effectiveness.